Robert Kiyosaki Criticizes BlackRock, Predicts Bitcoin Will Reach $350K by 2025
Robert Kiyosaki, author of Rich Dad Poor Dad, recently pointed out on X that Larry Fink is dumping Bitcoin. It is worth noting that on December 25, BlackRock’s Bitcoin ETF iShares Bitcoin Trust (IBIT) experienced a record outflow of $188.7 million. This was one of the largest Bitcoin sell-offs ever. The timing of the sale has fueled speculation.
He also pointed out that Vivek Ramaswamy criticized Fink and BlackRock, calling them “shareholder capitalists” and likening them to Marxists, similar to Klaus Schwab’s “nothing” and happy” philosophy.
Ramaswamy has been an outspoken opponent of BlackRock’s approach to corporate governance and its focus on environmental, social and governance (ESG) standards. He believes BlackRock, under CEO Larry Fink, promotes “stakeholder capitalism” that he believes prioritizes social and political agendas over maximizing shareholder value.
Ramaswamy, through his company Strive Asset Management, advocates for “anti-woke” investing and opposes the growing influence of ESG factors in business decisions, particularly criticizing companies such as BlackRock for pursuing such an agenda.
BTC will hit $350,000
In the same article, Kiyosaki expressed his bullish bet on Bitcoin, revealing that he likes to hold Bitcoin in his own wallet and stating that he would not trust Bitcoin in the BlackRock ETF. He also believes BlackRock is driving down the price of Bitcoin so that large investors can purchase Bitcoin for less than $100,000.
Despite this, he remains bullish on Bitcoin and shared with his followers that he will continue to buy more Bitcoin as he sees it moving higher. He also predicted it would reach $350,000 by 2025.
Bullish outlook
Bitcoin has risen nearly 130% this year and has broken all-time highs many times. The dominant cryptocurrency narrative in 2024 focuses on institutional adoption, with major financial institutions and companies increasingly participating in the cryptocurrency space. Additionally, the number of public companies planning to add Bitcoin to their corporate finances is increasing.
This trend started with MicroStrategy in 2020 and recently attracted KULR Technology (KULR) as the company purchased 217.18 BTC for $21 million and allocated up to 90% of the surplus cash to BTC.
Additionally, Bitwise Asset Management has applied for an ETF to track stocks of companies holding at least 1,000 BTC in inventory. Additionally, Strive Asset Management, co-founded by Vivek Ramaswamy, filed for a second time on Thursday for a Bitcoin bond ETF. The ETF seeks to obtain investments through derivative instruments, including MicroStrategy’s convertible securities, and will be actively managed. These developments reinforce Bitcoin’s bullish outlook.
