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Robert Kiyosaki thinks the BlackRock is intentionally suppressing the Bitcoin price
Despite the pessimistic forecasts, the activities of institutions such as BlackRock, Fidelity, Bitwise, and ARK do not necessarily guarantee a predetermined outcome. In the last six trading days, we have seen five instances of net outflows, resulting in a cumulative total of $1.3 billion. However, on December 26th, we did see a positive day with an inflow of $475 million, courtesy of Fidelity and ARK’s activity. On the other hand, particularly on December 19th, when the net outflow reached a staggering $672 million, it was clear that pessimism prevailed.
The performance of the immediate Bitcoin ETFs also supports this view, as evidenced by data from Fairside Investors.
BlackRock’s activities are further substantiated by registering an all-time record high outflow of $188.7 million on December 24th, following their decision to place 828 BTC worth approximately $80 million on Coinbase’s cryptocurrency exchange on December 23rd.
Outlook for Bitcoin
Despite Kiyosaki’s assertion that manipulation is occurring in the market affecting Bitcoin’s price, he still believes that it could reach a staggering $350,000 by next year. He encourages investors to continue accumulating the asset, as there is still significant growth potential.
At the time of writing this article, the Bitcoin price was struggling to maintain the 95,000 USD level. In the past week, the price had actually decreased by 2.5%. Technical analysts warn that we should pay attention to a short-term target of 90,000 USD if the price fails to break through 97,000 USD soon.
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Source: www.bitcoinbazis.hu
