Investor and author of "Rich Dad Poor Dad," Robert Kiyosaki, revealed on Friday that he sold $2.25 million worth of Bitcoin (BTC) and reinvested the funds into his businesses to generate additional cash flow.
Kiyosaki stated that he bought BTC "years ago" when the trading price was around $6,000 and sold it at approximately $90,000. He mentioned that the profits from this investment will be allocated to two "surgical centers" and a billboard business.
He estimates that by February 2026, the investment in these businesses is expected to generate $27,500 in tax-free income per month.
"I remain very optimistic about Bitcoin and will start using my positive cash flow to buy more Bitcoin," he said. On November 9, Kiyosaki predicted a price target of $250,000 for BTC by 2026 and a price target of $27,000 per ounce for gold.
This announcement surprised some investors and came during the most severe pullback of the current cycle, with Bitcoin dropping below $85,000, briefly touching $80,537 on Friday before rebounding to around $84,000, which was the price at the time of writing.
The Crypto Fear & Greed Index, which tracks investor market sentiment, fell to a multi-year low of 11 on Friday, indicating "extreme fear," according to CoinMarketCap data.
Bitcoin has dropped over 33% from its all-time high of over $126,000 reached in October, just days before the historic market crash on October 10, which triggered the most severe single-day liquidation in cryptocurrency history.
Veteran trader Peter Brandt, with decades of experience, stated on Thursday that Bitcoin will reach $200,000 in the third quarter of 2029, adding that the market cleansing is positive for BTC, and he remains bullish on BTC in the long term.
Analysts from the cryptocurrency exchange Bitfinex stated on Friday that the record outflows from Bitcoin exchange-traded funds and ongoing sluggishness indicate short-term difficulties rather than a weakening of institutional demand for BTC or a deterioration in fundamentals.
Related: Veteran trader Peter Brandt: Bitcoin (BTC) will not reach $200,000 until the third quarter of 2029
Original article: “Robert Kiyosaki Sells $2.25 Million Worth of Bitcoin (BTC)”
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