Author of the popular bestseller "Rich Dad, Poor Dad" Robert Kiyosaki predicted that by 2025 Bitcoin will rise in price to $350,000. He also noted that the situation with bitcoin ETF from the largest asset manager BlackRock could affect the price of the flagship asset.
25 December ETF BlackRock's IBIT saw a record outflow of $188,7 million. After such a massive sell-off, many experts wondered what made investors get rid of assets so quickly.
The writer has said many times that he believes in Bitcoin's prospects. However, this time he advised investors to hold assets themselves rather than rely on companies like BlackRock.
I'm not one of those who will trust Bitcoin BlackRock and its ETF , — wrote Kiyosaki.
He also backed billionaire Vivek Ramaswamy, who criticized BlackRock CEO Larry Fink for promoting "shareholder capitalism," which he called Marxism.
According to Kiyosaki, price manipulation by BTC issuers ETF benefits institutional players and serves as a warning to retail investors.
However, Kiyosaki reminded that most of the growth of Bitcoin this year is connected with the interest of large companies in the flagship crypto asset. We are talking about the American MicroStrategy, Japanese Metaplanet and other companies that have created their own BTC reserves.
