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Robert Kiyosaki, the famous author of the worldwide bestseller “Rich Dad, Poor Dad”, recently backed down from a bold prediction for the price of Bitcoin (BTC).
Kiyosaki, known for his outlandish Bitcoin forecasts, predicted that Bitcoin would reach the $350,000 level by 2025.
Robert Kiyosaki and the new BTC price target
Bitcoin price was trading at $93,981, down 1.9% in the last 24 hours. The leading cryptocurrency is facing minor corrections after failing to break the much-desired $100,000 mark.
Despite the recent decline, Kiyosaki told his 2.6 million followers on social network X that Bitcoin will reach $350,000 in 2025.
A well-known author has revealed his intentions to continue buying Bitcoin as he believes the coin will continue to rise.
Kiyosaki claimed that BlackRock, the world’s largest asset manager, is driving down the price of Bitcoin so that whales can buy below $100,000.
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Although the author promised to continue buying Bitcoin, he said he would not trust Bitcoin in BlackRock’s ETF.
“I like Bitcoin in my own wallet,” noted Kiyosaki.
It is important to note that BlackRock has a large stake in Bitcoin. Many market players are concerned that the company’s moves could affect the price of Bitcoin.
He told Kiyosaki that BlackRock CEO Larry Fink rejects Bitcoin.
He reminded his followers that American businessman and politician Vivek Ramaswamy had warned Larry Fink that he was a Marxist.
“Vivek warned Fink & Black Rock that they were shareholder capitalists, not shareholder capitalists,” says Kiyosaki.
A strong warning to buy Bitcoin
Earlier this month, Kiyosaki predicted a major global market crash and economic depression in the near future.
He predicted the decline of global economies such as Europe, China and the United States, while advising consumers to be careful with their wealth.
Instead of holding fiat money, he encouraged his followers to acquire Bitcoin before that happened.
Kiyosaki remained bullish on Bitcoin despite its inherent volatility.
He urged individuals to keep their jobs and money, stressing that Bitcoin is a reliable investment that maintains its value regardless of economic changes.
Kiyosaki has repeatedly pointed out that BTC is not under the control of any government, and its total amount is limited. He claims that these characteristics increase the likelihood of higher growth.
Earlier this year, the author of the book “Rich Dad Poor Dad” claimed that Bitcoin would jump to $500,000 by 2025. He further predicted that Bitcoin could reach $1 million by 2030.
This last call of $350,000 is a modest projection for a dime.
Bitcoin Price Catalysts to Watch
2024 continues to be a defining year for Bitcoin, with prices rising to record highs despite background turbulence. As the cryptocurrency enters 2025, key catalysts could fuel its growth going forward.
These include renewed interest in the spot exchange-traded fund (ETF) market, macroeconomic data, Fed policies and geopolitical events.
These factors will continue on the future trajectory of the leading cryptocurrency.
While the future of Bitcoin remains bright, it is still unpredictable. As 2024 has shown, bitcoin’s resilience and ability to thrive amid uncertainty will likely keep it at the forefront of the financial landscape.
Investors are advised to remain vigilant as 2025 could bring even more twists and turns in the incredible journey of this digital asset.
