'Rich Dad Poor Dad' author Robert Kiyosaki has reinforced his bullish stance on Bitcoin, maintaining his prediction that the cryptocurrency will reach $350,000 next year while expressing concerns about BlackRock's recent market activities.
In a recent social media post, Kiyosaki directly challenged BlackRock CEO Larry Fink regarding substantial Bitcoin outflows from the firm's IBIT spot ETF, which saw $188 million withdrawn this week. The financial author suggested that BlackRock might be deliberately suppressing Bitcoin prices to allow large investors to acquire positions below $100,000.
Kiyosaki emphasized his preference for direct Bitcoin ownership over ETF investments, stating he values having Bitcoin in his personal wallet rather than entrusting it to BlackRock's ETF. Despite earlier claims that he would cease Bitcoin purchases above $100,000, Kiyosaki now declares his intention to continue accumulating the cryptocurrency, citing its persistent growth amid economic uncertainty.
The author's optimistic outlook appears partly influenced by the potential for a pro-Bitcoin U.S. president taking office in January. He notes that the presidential candidate has shown support for cryptocurrencies by accepting digital currency donations and promising initiatives like establishing a strategic Bitcoin reserve.
Earlier this year, Kiyosaki made even bolder predictions, suggesting Bitcoin could reach $500,000 by 2025 and $1 million by 2030, though these forecasts were presented without detailed supporting evidence.
The financial expert's latest statements reflect his unwavering confidence in Bitcoin's future, even as he raises questions about the actions of major institutional players in the cryptocurrency market. His perspective highlights the ongoing debate between traditional financial institutions' involvement in crypto and direct individual ownership of digital assets.