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Cryptocurrency News Articles
Robert Kiyosaki Predicts Bitcoin Price Could Soar to $350,000 by 2025
Dec 29, 2024 at 07:15 pm
Robert Kiyosaki, the author of Rich Dad Poor Dad, has made a striking forecast for Bitcoin price. He predicted it could soar to $350,000 by 2025.
Robert Kiyosaki, author of Rich Dad Poor Dad, made a striking forecast for Bitcoin price. He predicted it could soar to $350,000 by 2025.
Kiyosaki attributed this bold projection to the Bitcoin price’s impressive 130% growth this year and a surge in institutional interest.
His remarks drew significant attention, especially in light of BlackRock’s recent Bitcoin ETF activity. On December 25, BlackRock’s iShares Bitcoin Trust (IBIT) experienced a record outflow of $188.7 Million. It was one of the largest single-day Bitcoin sell-offs in history.
The timing of this massive sale fueled speculation within the market. However, the overall presence of institutional investors in Bitcoin price continues to bolster confidence in its long-term trajectory.
Kiyosaki also shared his views on BlackRock’s ETF and Vivek Ramaswamy’s anti-ESG stance, sparking a wider debate on social media platform X.
Kiyosaki pointed out Larry Fink’s substantial Bitcoin sell-off, which marked one of the largest outflows for Bitcoin. This raised questions about investor sentiment toward BlackRock’s iShares Bitcoin Trust (IBIT).
Adding to the conversation, Robert Kiyosaki addressed criticism from Vivek Ramaswamy, a prominent opponent of BlackRock’s corporate governance practices and the founder of Strive Asset Management.
He has been outspoken against the firm’s emphasis on Environmental, Social, and Governance (ESG) criteria.
Kiyosaki’s faith in Bitcoin price remained unshaken. He took a swipe at BlackRock’s involvement in the cryptocurrency market.
He questioned BlackRock’s warning about Bitcoin’s 21-million cap, claiming that it is not guaranteed to remain unchanged, fueling skepticism about the ETF.
Kiyosaki suggested that BlackRock might be intentionally suppressing the Bitcoin price. The suppression could be for institutional players to acquire it below $100,000.
Robert Kiyosaki reaffirmed his bullish stance, reiterating his belief that Bitcoin price could reach $350,000 by 2025. He emphasized the importance of personal ownership. Further, he advised investors to hold Bitcoin directly in their wallets rather than trusting intermediaries like BlackRock.
Sharing his strategy, Robert Kiyosaki declared he would continue buying Bitcoin. He even cited its long-term potential regardless of regulatory challenges or market manipulation concerns.
Bitcoin’s Growth Boosted By Big Companies Despite Worries About Manipulation
Bitcoin’s price continued strong growth and rose approximately 130% this year, setting record highs on several occasions. Much of the Bitcoin price increase this year was due to the interest presented by large companies.
Major financial companies and corporations are buying Bitcoin as part of their reserve. For example, MicroStrategy started purchasing Bitcoin in 2020 and encouraged others to do the same.
Similarly, in the most recent updates, KULR Technology purchased 217.18 BTC for $21 Million. Likewise, Bitwise Asset Management ETFs filed to create another Bitcoin ETF. It will track shares of companies holding at least 1,000 BTC in their treasury.
The entry of big players such as BlackRock and other companies trading Bitcoin has made FOMO for Wall Street investors. However, some in the Bitcoin community feel uneasy about how BlackRock and other large companies will attempt to control the asset.
Kiyosaki Highlights: A STrong Economic Warning & Bitcoin Is A Financial Safe Haven
Beyond his bullish outlook on Bitcoin price, Robert Kiyosaki has issued stark warnings about the global economy. The author foresees a severe depression that could ripple through significant economies. That includes the United States, China, and Europe.
He attributes this forecast to escalating inflation, ballooning debt levels, and rising geopolitical tensions. He believes that these are destabilizing the financial systems people depend upon.
Robert Kiyosaki advises diversification as a critical strategy to mitigate the potential impact of such an economic downturn. He emphasizes safeguarding wealth by investing in Bitcoin, gold, and silver.
He views them as reliable hedges against economic uncertainty. These investments, he asserts, can serve as financial lifeboats in an era of growing unpredictability.
Robert Kiyosaki’s call to action reflected his broader financial independence and resilience philosophy. He encouraged individuals to prepare for a turbulent economic future.
Despite recent price fluctuations, Robert Kiyosaki maintained unwavering confidence in Bitcoin, describing it as a dependable store of value at press time, where it was at $94,590.
It has experienced a modest 0.51% incline over the past week. However, its impressive market capitalization of $1.87 trillion underscores its enduring strength.
Kiyosaki’s conviction stems from Bitcoin’s decentralized framework, arguing that it is protected from the vulnerabilities inherent in traditional fiat currencies.
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