Leading pro-crypto economist and author Robert Kiyosaki has shared a bold theory regarding Bitcoin’s recent price fluctuations.
In his statement, Kiyosaki claimed that BlackRock CEO Larry Fink may have been intentionally “dumping Bitcoin” to suppress its price and encourage institutional investors to accumulate the cryptocurrency at a lower cost.
Kiyosaki cited concerns raised by Republican presidential candidate Vivek Ramaswamy, who has previously criticized BlackRock’s approach. Ramaswamy warned that Fink and BlackRock, as advocates of “shareholder capitalism,” aligned with Marxist principles similar to those of World Economic Forum founder Klaus Schwab, according to Kiyosaki.
Quoting Schwab’s famous claim that “one day you will own nothing and be happy,” Kiyosaki reiterated his belief in Bitcoin’s decentralization and security. “I like Bitcoin in my own wallet. I wouldn’t trust Bitcoin in BlackRock’s ETF,” he stated.
Kiyosaki suggested that BlackRock may be deliberately driving down the price of Bitcoin to attract “whales” to buy at prices below $100,000. Despite this speculation, he remains hopeful about BTC’s long-term value.
“I will continue to buy more Bitcoin because Bitcoin will go higher,” Kiyosaki said, predicting that Bitcoin could rise to $350,000 by 2025.
*This is not investment advice.
