Robert Kiyosaki predicts bitcoin will reach $350,000 by 2025, criticizing Blackrock for suppressing the price of BTC and urging investors to buy before major investment firms take over.
Robert Kiyosaki criticizes Blackrock – Doubles the bitcoin price target to $350,000
The author of Rich Dad Poor Dad, Robert Kiyosaki, reaffirmed his stance on bitcoin, the US dollar, and the global economic situation this week through posts on the social media platform X. His collaboration with Sharon Lechter in 1997 produced a book that has sold over 32 million copies, been translated into 51 languages, and distributed in 109 countries. This publication also maintained a position on the New York Times Best Seller list for over six years.
On December 27, Kiyosaki expressed confidence in $BTC but remained skeptical about Blackrock's involvement. 'I like bitcoin in my wallet. I will not trust bitcoin in Blackrock's ETF [exchange-traded fund]. Blackrock is suppressing the price of bitcoin so that whales can buy bitcoin for less than $100,000,' he commented. Noting that Blackrock's CEO, Larry Fink, is 'dumping bitcoin', this renowned author doubled down on his bitcoin price prediction of $350,000, stating:
I will continue to buy more bitcoin because bitcoin will increase in price. I predict bitcoin will reach $350,000 by 2025.
Kiyosaki's criticism extends to those suffering from bitcoin price volatility. 'Boo hoo boo hoo: Bitcoin crying like a baby because the price of bitcoin is down. Instead of saying 'thank you' and buying more bitcoin… cry baby cry. Buy buy buy, not cry cry cry. Be grateful. Grow up and buy more bitcoin,' he expressed on December 24.
Returning to the US dollar, Kiyosaki predicts instability, expressing concerns about the diminishing role of the US dollar in oil transactions. 'The US dollar is no longer the petro-$ anymore. Damn the US dollar. Buy gold,' he declared on December 24.
Reflecting on the global economy, the acclaimed author has warned of potential downturns, posting on December 22: 'The global collapse has begun. Europe, China, the United States are going down. Is a recession coming?' He urged financial caution, advising: 'Be smarter with your money. Hold onto your job and your money.' According to Kiyosaki, certain assets provide stability during tumultuous times. He concluded:
Regardless of which way the economy goes, gold, silver, and bitcoin retain their value. For many, a collapse is the best time to get rich. I intend to become wealthier. I want you to become wealthier and smarter too.
