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The world’s largest asset manager is accused of ‘holding back’ Bitcoin price
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With more than US$11.48 trillion, the asset manager BlackRock was accused of deliberately acting to keep the price of Bitcoin below US$100,000.
According to Robert Kiyosaki, author of the book “Poor Dad, Rich Dad”the manager keeps the price low to make life easier for “whale” investors. Controlling around 2.78% of all currently available Bitcoin, BlackRock has not yet commented on the accusation.
The complaint, made by the investor last Friday, the 27th, took social media by storm. According to Kiyosaki, the manager is suppressing the value of Bitcoin so that whales, as wallets with large volumes of cryptocurrencies are knownthey can still buy BTC at a relatively low price.
BlackRock stood out throughout 2024 as one of the companies that invested the most in Bitcoin. The manager’s ETF, launched in January with US$122.31 million invested and just 0.01% of all available Bitcoin, reached the end of the year with an investment of US$52.15 billion and controlling around 2.78% of all tokens on the marketaccording to data from SoSoValue.
Is BlackRock ‘Holding’ Bitcoin Price?
Furthermore, recently, the manager indicated to its clients that they contribute at least 2% of their portfolio in Bitcoin.
In the publication, which at the time of this report has 1 million views, Robert stated that, as a shareholder, BlackRock would be manipulating the market to be able to profit more from Bitcoin.
Furthermore, the writer classified the company as a “share holder”. This classification refers to the companies that invest in shares, bonds and other assets with a total focus on profit, without worrying about the health of the investment.
According to the 77-year-old investor, the The manager’s CEO, Larry Fink, would be abandoning Bitcoin because he is a Marxist. To corroborate his complaint, Robert recalled the accusation made by businessman and former US presidential candidate, Vivek Ramasway, in May 2023.
At the time, he said through a video published on his social networks, that Larry Fink would be a puppet of China, a country governed by the Chinese Communist Party.
It is worth highlighting that Robert Kyosaki’s complaint comes at a time when BTC has had difficulty surpassing the US$100,000 mark. So, Bitcoin analysts and traders are betting on a drop of around 30% in the price of the cryptocurrency.
The world’s largest asset manager is accused of ‘holding back’ Bitcoin price
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The world’s largest asset manager is accused of ‘holding back’ Bitcoin price
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The world’s largest asset manager is accused of ‘holding back’ Bitcoin price
