Robert Kiyosaki, a prominent economist and Bitcoin advocate, has presented a provocative theory about Bitcoin's price behavior.
He suggests that BlackRock’s CEO, Larry Fink, may be intentionally lowering Bitcoin’s value by “dumping” the cryptocurrency to allow institutional investors to purchase it at a cheaper price.
Kiyosaki’s theory is supported by comments from Republican presidential candidate Vivek Ramaswamy, who has criticized BlackRock for its alignment with “shareholder capitalism” and its ties to global financial leaders like Klaus Schwab. Ramaswamy has raised concerns that these entities, advocating for control over assets, may share Marxist tendencies.
Referencing Schwab’s controversial statement, “one day you will own nothing and be happy,” Kiyosaki reaffirmed his belief in Bitcoin’s independence, emphasizing his preference for holding it in personal wallets rather than through financial institutions like BlackRock.
Despite this speculation, Kiyosaki remains bullish on Bitcoin’s future, predicting that its price could surge to $350,000 by 2025. He also stressed that he would continue to increase his Bitcoin holdings, confident in its long-term potential.
Two major developments are converging in July that could shape the future of Bitcoin in the United States—both tied to President Trump’s administration and its expanding crypto agenda.
Digital asset investment products recorded $1.04 billion in inflows last week, pushing total assets under management (AuM) to a record high of $188 billion, according to the latest report from CoinShares.
Strategy, the Bitcoin-centric firm formerly known as MicroStrategy, has temporarily paused its regular Bitcoin purchases.
Spanish banking giant BBVA has expanded its digital services by introducing in-app Bitcoin and Ethereum trading and custody for retail clients.