Robert Kiyosaki, a prominent economist and Bitcoin advocate, has presented a provocative theory about Bitcoin's price behavior.
Prominent economist and Bitcoin advocate Robert Kiyosaki has shared his thoughts on BlackRock’s role in Bitcoin’s price behavior.
According to Kiyosaki, BlackRock’s CEO, Larry Fink, might be intentionally driving down Bitcoin’s value by "dumping" the cryptocurrency in the market. This strategy would allow institutional investors to purchase Bitcoin at a lower cost when its price eventually recovers.
Kiyosaki's theory aligns with recent comments made by Republican presidential candidate Vivek Ramaswamy, who has criticized BlackRock for its adherence to "shareholder capitalism" and its connections to global financial leaders such as Klaus Schwab. Ramaswamy has expressed concerns that these entities, which advocate for control over assets, might share Marxist leanings.
Highlighting Schwab's disputed statement, "one day you will own nothing and be happy," Kiyosaki reiterated his preference for Bitcoin’s independence, emphasizing the importance of holding cryptocurrency in personal wallets rather than through financial institutions like BlackREAD MORE:
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Despite this speculation, Kiyosaki remains optimistic about Bitcoin’s future, predicting that its price could reach $350,000 by 2025. He also mentioned that he will continue to increase his Bitcoin holdings, driven by his belief in its long-term potential.
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