Renowned author and financial educator Robert Kiyosaki forecasts a substantial rise in Bitcoin’s value, predicting it will reach $350,000 by 2025. His recent statements reinforce his belief in Bitcoin’s potential as a store of value and its protective properties against economic instability.
Kiyosaki Advocates for Direct Bitcoin Ownership
Kiyosaki advised his followers to consider storing Bitcoin $94,707 in personal wallets rather than relying on institutional vehicles, such as BlackRock’s IBIT ETF. He emphasized the importance of individual control over investments, especially in light of the current economic climate.
The iShares Bitcoin Trust (IBIT) from BlackRock experienced a significant outflow of $188.7 million on December 25. This notable sell-off occurred amid broader market negativity, raising questions among market observers regarding whether this move aligns with strategies of large financial institutions influencing Bitcoin price movements.
Kiyosaki’s Economic Predictions
Kiyosaki anticipates a global economic depression, predicting downturns in Europe, China, and the United States. He urges individuals to secure their financial futures and invest in assets such as Bitcoin, gold, and silver.
Despite claiming that major financial players manipulate Bitcoin prices, Kiyosaki remains confident about Bitcoin’s long-term potential. As of the news release, Bitcoin’s price stood at $94,268, reflecting a 2% decrease over the past week, while its market capitalization was approximately $1.86 trillion.
The developments in the Bitcoin market heighten tensions between individual control and institutional adoption. Kiyosaki’s confidence in Bitcoin may increase interest in alternative investment vehicles during times of economic uncertainty.