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Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, has made a bold prediction about Bitcoin’s future. He forecasts that the leading cryptocurrency will soar to $350,000 by 2025. Alongside this optimistic projection, Kiyosaki has emphasized the importance of self-custody, urging investors to hold their Bitcoin in private wallets rather than relying on institutional offerings like exchange-traded funds (ETFs).
In a recent post on X, Kiyosaki reaffirmed his unwavering support for Bitcoin, calling it a vital asset in safeguarding wealth during times of economic instability. He believes Bitcoin’s value is being artificially suppressed by major financial institutions, such as BlackRock, to allow large-scale investors to acquire it at lower prices.
Larry Fink dumping Bitcoin. VIVEK warned Larry Fink of BLACK ROCK is a Marxist. Vivek warned Fink & Black Rock are Share Holder Capitalist not Stake Holder Caplitist. Share Holder Capitalists are Marxist….like Klaus Schwab who state: “Someday you’ll own nothing and you’ll be…
— Robert Kiyosaki (@theRealKiyosaki) December 27, 2024
Despite these alleged manipulations, Kiyosaki expressed confidence in Bitcoin’s long-term potential, predicting its price will surge to $350,000 within the next two years. He views Bitcoin, along with gold and silver, as essential investments to hedge against what he predicts will be a severe global economic depression.
On December 25, BlackRock’s iShares Bitcoin Trust (IBIT) saw a record outflow of $188.7 million, marking one of the largest Bitcoin sell-offs in history. This development has fueled speculation about the motives behind the move and its potential impact on the market.
Some market analysts suggest the outflow could be part of a broader strategy by institutional players to influence Bitcoin prices, a theory aligning with Kiyosaki’s claims of market manipulation. The tension between individual control and institutional adoption has become a key topic in the evolving Bitcoin narrative.
Kiyosaki has not been shy about criticizing the influence of major financial players like BlackRock. He joined entrepreneur Vivek Ramaswamy in opposing Environmental, Social, and Governance (ESG) initiatives, which they argue prioritize corporate agendas over individual interests.
Through Strive Asset Management, Ramaswamy advocates for “anti-woke” investing, pushing back against the growing influence of ESG criteria in corporate governance. Kiyosaki echoed these sentiments, criticizing BlackRock’s approach and emphasizing the importance of holding Bitcoin independently of institutional products.
“I love Bitcoin in my own wallet. I would not trust Bitcoin in BlackRock’s ETF,” Kiyosaki stated, highlighting his preference for decentralized, self-managed investments.
Despite recent allegations of price suppression, Kiyosaki remains steadfast in his belief in Bitcoin’s upward trajectory. At press time, Bitcoin’s price stands at $94,268, reflecting a 2% decline over the past month. The cryptocurrency boasts a market capitalization of approximately $1.86 trillion, with a 24-hour trading volume of $52.36 billion, representing an 11% increase.
As the market grapples with institutional influences and shifting economic conditions, Kiyosaki’s prediction of a $350,000 Bitcoin by 2025 underscores his belief in its resilience and potential as a hedge against economic uncertainty. Whether his bold forecast will materialize remains to be seen, but his advocacy for self-custody and scepticism of institutional control resonate strongly in the cryptocurrency community.
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Brenda has been a news writer since 2019 with a deep background in crypto. Brenda commits to producing excellent, well-optimized content to ensure consumer satisfaction.
