Robert Kiyosaki, Author of ‘Rich Dad, Poor Dad,’ Sells His Bitcoin

Date:

Kiyosaki unveiled his sale of Bitcoin at $90,000 after he had projected a $250,000 price objective for BTC in 2026 earlier during the month of November.

The investor and “Rich Dad, Poor Dad” writer, Robert Kiyosaki, disclosed on Friday that he liquidated his $2.25 million in Bitcoin (BTC). He is reinvesting the funds into his own enterprises to generate supplementary cash.

Kiyosaki said he bought the BTC “years ago” when the asset traded near $6,000 and later sold it for about $90,000. He confirmed the money earned from this deal will fund two “surgery centers” and a billboard company.

He calculated that the capital infusion into these enterprises will produce a tax-exempt monthly revenue of $27,500 by February 2026.

“I retain a highly bullish and optimistic stance on Bitcoin and will commence purchasing more with my accrued positive cash flow,” he declared. On November 9, Kiyosaki forecasted a $250,000 price goal for BTC by 2026, alongside a $27,000 per ounce price goal for gold.

Some investors found the disclosure surprising. It happened during the cycle’s worst drop. Bitcoin quickly fell below $85,000, briefly hitting $80,537 on Friday before climbing back to around $84,000, its price when we wrote this report.

The Crypto Fear & Greed Index, which tracks investor feeling, dropped to 11 on Friday—the lowest level in years. This reading means “extreme fear,” according to CoinMarketCap data.

Investor Sentiment Plunges as Analysts Warn of a New Bear Market

Bitcoin has fallen over 33% from its highest price, which it hit above $126,000 in October. That peak came just days before the massive market crash on October 10, which started the biggest single-day liquidation in crypto history.

Peter Brandt, a long-time trader with decades of experience, said on Thursday that he expects Bitcoin to reach $200,000 by the third quarter of 2029. He also argued that the current market sell-off helps BTC, and he remains hopeful about its long-term future.

Analysts at crypto exchange Bitfinex asserted on Friday that record outflows from Bitcoin ETFs and the market slump show short-term trouble. They argue this does not mean institutional demand for BTC is weakening or that fundamentals are getting worse.

Marton K.
Marton K.https://thecoingraph.com
Marton is seasoned crypto and finance journalist with over four years of experience. He has contributed to several high-profile outlets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Analysts Say Bitcoin ETF Outflows Reflect Tactical Rebalancing, Not Institutional Exit

Analysts concluded that the capital outflows mirror short-term price...

SEC Approves and Immediately Halts XRP Crypto ETF, Expert Calls It ‘Bizarre’

A high-profile crypto ETF holding Bitcoin, Ether, XRP, and...

US Appeals Court Reverses Yuga Labs’ $9M Victory Over Ryder Ripps

The US Ninth Circuit Court of Appeals reversed Yuga...

Ethereum, XRP Drop in Uncatalyzed Market Correction

The crypto market experienced a sell-off on Wednesday, as...