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Marcos189
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Robert Kiyosaki accuses BlackRock of manipulating Bitcoin
The prominent author and advocate for Bitcoin (BTC), Robert Kiyosaki, has raised a controversial theory about the recent volatility of the leading cryptocurrency, which continues to struggle to surpass $100,000.
Kiyosaki, known for his book Rich Dad Poor Dad, pointed out in a post on X on December 27 that BlackRock (BLK), the world's largest asset manager, might be manipulating the price of Bitcoin in favor of institutional investors.
According to Kiyosaki, BlackRock's CEO, Larry Fink, could be "massively selling Bitcoin" to reduce its value and allow institutions to purchase the cryptocurrency at a lower price, below $100,000.
BlackRock and the impact on the Bitcoin market
BlackRock has gained prominence in the Bitcoin market following the launch of its Bitcoin-based exchange-traded fund (ETF). Despite this, Kiyosaki has expressed his rejection of Bitcoin ETFs.
Additionally, he recalled the statements of former presidential candidate Vivek Ramaswamy, who labeled Larry Fink as a "Marxist" and accused BlackRock of prioritizing stakeholder capitalism over shareholder capitalism.
Declines in BlackRock's Bitcoin ETF
Although Kiyosaki's accusations have not been verified, his comment coincides with a significant outflow from BlackRock's Bitcoin ETF, iShares Bitcoin Trust (IBIT), which recorded a historic withdrawal of $188.7 million on December 24.
Furthermore, speculation increased after BlackRock deposited 828 BTC, valued at nearly $80 million, into Coinbase on December 23. This move generated rumors about a potential sale by the investment management firm.
Despite concerns about possible manipulation, Kiyosaki remains optimistic about the future of Bitcoin. In his latest forecast, he predicted that the price of the cryptocurrency will reach $350,000 by 2025.
The prominent author and advocate for Bitcoin (BTC), Robert Kiyosaki, has raised a controversial theory about the recent volatility of the leading cryptocurrency, which continues to struggle to surpass $100,000.
Kiyosaki, known for his book Rich Dad Poor Dad, pointed out in a post on X on December 27 that BlackRock (BLK), the world's largest asset manager, might be manipulating the price of Bitcoin in favor of institutional investors.
According to Kiyosaki, BlackRock's CEO, Larry Fink, could be "massively selling Bitcoin" to reduce its value and allow institutions to purchase the cryptocurrency at a lower price, below $100,000.
BlackRock and the impact on the Bitcoin market
BlackRock has gained prominence in the Bitcoin market following the launch of its Bitcoin-based exchange-traded fund (ETF). Despite this, Kiyosaki has expressed his rejection of Bitcoin ETFs.
Additionally, he recalled the statements of former presidential candidate Vivek Ramaswamy, who labeled Larry Fink as a "Marxist" and accused BlackRock of prioritizing stakeholder capitalism over shareholder capitalism.
Declines in BlackRock's Bitcoin ETF
Although Kiyosaki's accusations have not been verified, his comment coincides with a significant outflow from BlackRock's Bitcoin ETF, iShares Bitcoin Trust (IBIT), which recorded a historic withdrawal of $188.7 million on December 24.
Furthermore, speculation increased after BlackRock deposited 828 BTC, valued at nearly $80 million, into Coinbase on December 23. This move generated rumors about a potential sale by the investment management firm.
Despite concerns about possible manipulation, Kiyosaki remains optimistic about the future of Bitcoin. In his latest forecast, he predicted that the price of the cryptocurrency will reach $350,000 by 2025.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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