Renowned author and financial educator Robert Kiyosaki, famous for his book Rich Dad Poor Dad, has projected a significant increase in Bitcoin’s value. Taking to social media, Kiyosaki expressed his belief that Bitcoin could reach $350,000 by 2025. This aligns with his enduring advocacy for owning Bitcoin in private wallets rather than depending on institutional products like BlackRock’s Bitcoin ETF.
Robert Kiyosaki Champions Bitcoin Ownership, Predicts $350K by 2025
In a recent post on X, Kiyosaki reaffirmed his optimistic outlook on Bitcoin, emphasizing its role as a store of value and a safeguard against economic turmoil. He urged his audience to prioritize self-custody by storing Bitcoin in their private wallets instead of entrusting it to institutional offerings.
Kiyosaki also alleged that Bitcoin’s price is being deliberately suppressed by major financial entities, including BlackRock, to enable institutional investors to accumulate at lower prices. Despite these perceived manipulations, he remains confident in Bitcoin’s future, forecasting a dramatic rise to $350,000 by 2025.
In addition, Kiyosaki has recently warned of a looming global economic depression, suggesting that a financial market crash is already underway, with downturns observed in Europe, China, and the United States. He encouraged individuals to protect their wealth by investing in assets such as Bitcoin, gold, and silver.
BlackRock’s Bitcoin ETF Sees $188.7M Outflow
On December 25, BlackRock’s Bitcoin ETF, iShares Bitcoin Trust (IBIT), experienced an unprecedented outflow of $188.7 million, marking one of the largest Bitcoin sell-offs in history. This significant withdrawal has sparked speculation about its timing and the potential motivations behind it.
Market analysts have questioned whether this move is part of a larger strategy by financial institutions to influence Bitcoin’s price. The event highlights the growing tension between institutional involvement and individual control within the cryptocurrency ecosystem.
Criticism of ESG and Institutional Influence
Furthermore, Kiyosaki has joined entrepreneur Vivek Ramaswamy in criticizing Environmental, Social, and Governance (ESG) initiatives. He echoed Ramaswamy’s sentiment that BlackRock’s ESG-focused corporate governance approach represents a form of “stakeholder capitalism.”
Kiyosaki stated, “I love Bitcoin in my own wallet. I would not trust Bitcoin in BlackRock’s ETF.”
Through his firm Strive Asset Management, Ramaswamy promotes “anti-woke” investing, challenging the influence of ESG criteria in corporate decision-making. He likened BlackRock’s strategies to those espoused by figures like Klaus Schwab, who famously declared, “You’ll own nothing and you’ll be happy.”
Confidence in Bitcoin’s Future
Despite claims of price suppression by powerful financial entities, Kiyosaki remains steadfast in his belief in Bitcoin’s long-term potential. He reiterated his commitment to acquiring more Bitcoin, viewing it as a reliable hedge against economic uncertainty.
As of now, Bitcoin’s price stands at $94,268, reflecting a 2% decrease over the past month. The cryptocurrency’s market capitalization is approximately $1.86 trillion, with a 24-hour trading volume of $52.36 billion, showing an 11% uptick.
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