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Robert Kiyosaki believes BlackRock is intentionally suppressing the Bitcoin price
The past six trading days have shown us nothing but negative surprises. The cumulative net outflow has reached an astonishing $1.3 billion, with only one positive day on December 26th, which was a result of Fidelity and ARK’s activity. However, this positivity was short-lived as the pessimistic atmosphere reigned supreme in the following days, especially on December 19th when the net outflow reached a staggering $672 million.
This bears relevance to Robert Kiyosaki’s recent statement about BlackRock intentionally suppressing the Bitcoin price. The investment giant’s actions have been called into question after it recorded an unprecedented one-day outflow of $188.7 million on December 24th, which followed its decision to place 828 BTC worth nearly $80 million on Coinbase’s cryptocurrency exchange.
Despite Kiyosaki’s concerns about manipulation in the market affecting Bitcoin’s price, he remains optimistic that the asset can reach a staggering $350,000 by next year. He encourages investors to continue accumulating the asset, citing its immense growth potential.
As of our article’s writing, Bitcoin (BTC) is struggling to maintain its 95,000 dollar level, having fallen 2.5% over the past week. Technical analysts warn that short-term support lies at the 90,000 dollar mark, and a failure to break through this barrier could lead to further declines.
It is worth noting that Kiyosaki’s warning about BlackRock’s potential manipulation has sparked controversy in the market.
Source: www.bitcoinbazis.hu
