Investors and analysts raise concerns about BlackRock's Bitcoin ETF strategy, citing Robert Kiyosaki's viewpoint and Vivek Ramaswamy's activist stance.
Criticizing BlackRock's Strategy
Robert Kiyosaki expressed distrust towards BlackRock’s Bitcoin ETF following a substantial $188.7 million outflow from iShares Bitcoin Trust. He suggested price manipulation favoring large investors, emphasizing, 'BlackRock is manipulating Bitcoin’s price so whales can buy under $100,000.'
Optimistic Bitcoin Forecast
Despite his criticism of BlackRock, Kiyosaki projected Bitcoin’s price could reach $350,000 by 2025, citing its increasing corporate adoption and role as a hedge against economic instability. He plans to continue accumulating Bitcoin in private wallets.
Ramaswamy Challenges BlackRock
Vivek Ramaswamy, an entrepreneur and investor, criticized BlackRock for their commitment to Environmental, Social, and Governance (ESG) principles. He labeled the 'stakeholder capitalism' approach counterproductive, claiming it reduces returns for shareholders.
Criticism from Kiyosaki and Ramaswamy highlights growing attention on large institutional investors' strategies in the cryptocurrency market, remaining a benchmark for future Bitcoin investments.
