Kiyosaki Criticizes Larry Fink Amid Bitcoin Dump

Robert Kiyosaki, author of Rich Dad Poor Dad, took to X to comment on Larry Fink and BlackRock’s massive Bitcoin sale. On December 25, BlackRock’s iShares Bitcoin Trust (IBIT) recorded a $188.7 million outflow—the largest Bitcoin dump ever.

Kiyosaki’s remarks come amid rising market speculation regarding the timing of the sale. He also highlighted Vivek Ramaswamy’s criticism of Larry Fink and BlackRock, likening their corporate approach to Klaus Schwab’s philosophy of “owning nothing and being happy.”

Ramaswamy’s Opposition to BlackRock

Vivek Ramaswamy has been a vocal critic of BlackRock’s emphasis on Environmental, Social, and Governance (ESG) criteria. He accuses the asset management giant of prioritizing “stakeholder capitalism” over maximizing shareholder value.

Through his firm, Strive Asset Management, Ramaswamy has championed “anti-woke” investing, opposing what he perceives as politically motivated corporate governance. Strive recently filed for a Bitcoin Bond ETF, aiming to provide exposure through derivative instruments like MicroStrategy’s convertible securities.

Kiyosaki’s Bitcoin Bull Case

Kiyosaki remains bullish on Bitcoin, expressing his preference for holding Bitcoin in private wallets over trusting ETFs like BlackRock’s IBIT. He alleges that BlackRock is suppressing Bitcoin’s price to allow large investors to accumulate it below $100K.

Despite market volatility, Kiyosaki reiterated his confidence in Bitcoin’s potential, predicting it will reach $350,000 by 2025.

Institutional Adoption Strengthens Bitcoin’s Bullish Outlook

Bitcoin’s price has surged nearly 130% this year, repeatedly breaking record highs. Institutional adoption remains a dominant narrative, with increasing involvement from financial giants and corporations:

• Corporate Treasury Investments: KULR Technology recently purchased 217.18 BTC for $21 million, allocating up to 90% of its surplus cash to Bitcoin.
• ETF Developments:
  • Bitwise Asset Management applied for an ETF to track companies holding at least 1,000 BTC in treasury.
  • Strive Asset Management filed a second application for a Bitcoin Bond ETF.

These moves mirror the trend initiated by MicroStrategy in 2020, further solidifying Bitcoin’s role as a reserve asset for corporations.

Kiyosaki’s bullish stance and the increasing institutional embrace of Bitcoin underline the cryptocurrency’s evolving role in global finance. While controversies like BlackRock’s Bitcoin dump create short-term market ripples, the broader trend of adoption and innovation points to sustained growth.

As institutional participation accelerates and Bitcoin gains traction as a strategic asset, the path toward Kiyosaki’s $350K prediction by 2025 appears increasingly plausible.