Renowned author and financial investor Robert Kiyosaki has reaffirmed his prediction that the price of Bitcoin will reach $350,000 per coin by 2025. This is a bold prediction and it is not the first time he has made it. On December 18, the analyst made a similar prediction for the exchange value of this token.
In the recent post on his X account, the author also emphasizes the custody of users' crypto funds. In this regard, he highlights the urgent need to resort to self-custody instead of entrusting capital to third parties. The author calls for self-custody to be a priority instead of institutional ETFs such as BlackRock's IBIT.
This recommendation is in full agreement with his view that the financial world will soon collapse. He believes that large institutions are resting on a sea of debt, which has turned the financial system into a bubble that has already begun to burst.
In this way, the largest cryptocurrency becomes a safe haven in the face of the collapse of institutions. With this, Robert Kiyosaki reaffirms his bullish view that Bitcoin will reach the $350,000 target in the coming months. The expert made sensitive accusations against the firm BlackRock, which he accused of being Marxist.
Larry Fink dumping Bitcoin. VIVEK warned Larry Fink of BLACK ROCK is a Marxist. Vivek warned Fink & Black Rock are Share Holder Capitalist not Stake Holder Capitalist. Share Holder Capitalists are Marxist….like Klaus Schwab who state: “Someday you'll own nothing and you'll be…
Kiyosaki defends Bitcoin's decentralization against BlackRock
In Kiyosaki's mind, the world's largest asset manager, BlackRock, is a Marxist institution. And he doesn't just use that label pejoratively; he is convinced that the firm is actually Marxist. To argue this, he singles out two branches: shareholder capitalist and stakeholder capitalist.
In his categorization, the former are Marxists, and it is precisely to this group that Larry Fink and BlackRock belong. He adds that Klaus Schwab is also active in this pro-Marxist line. The latter, Kiyosaki writes, says: “ One day you will have nothing and you will be happy .”
The claim that BlackRock is Marxist can be debated. However, one thing that Kiyosaki does not question is the importance of prioritising self-custody. Bitcoin was born as an alternative to the financial system and hence its decentralised qualities. When Satoshi Nakamoto decided to create the blockchain, there is no doubt that he did so to establish an alternative to all-powerful companies like BlackRock.
According to Kiyosaki, the real culprit behind the recent Bitcoin crash is this financial firm, which is dumping. Over the past few days, the IBIT fund has been experiencing significant liquidations and this would have a direct impact on the price of BTC. “ BlackRock is reducing the price of Bitcoin so that whales can buy BTC at less than $100,000 ,” he claims in his post.