Robert Kiyosaki Sells $2.25M in Bitcoin: What Influenced His Decision

Robert Kiyosaki, the renowned author of "Rich Dad Poor Dad," recently sold $2.25 million worth of Bitcoin, realizing significant profits from his earlier investment. Despite this sale, Kiyosaki remains optimistic about Bitcoin and intends to reinvest his profits into new ventures. His views on cryptocurrency and traditional investments continue to spark debate in the financial community.

Key Takeaways

Recent Sale: Kiyosaki sold Bitcoin for $2.25 million, having bought it years ago for $6,000 each.
Reinvestment Plans: He plans to reinvest the proceeds into two surgery centers and a billboard business, expecting to generate $27,500 monthly in tax-free income by 2026.
Continued Optimism: Kiyosaki is still bullish about Bitcoin and plans to acquire more in the future.
Critique of Traditional Investments: He challenges the safety of conventional assets and classifies money into three categories: precious metals, cryptocurrencies, and government currency.
Skepticism Towards ETFs: He rejects Bitcoin ETFs, considering them "fake," and stresses the importance of Bitcoin’s limited supply.

Robert Kiyosaki sells $2.25M in Bitcoin: what changed his mind - 1

Kiyosaki's Continued Optimism for Bitcoin

Despite selling his Bitcoin assets, Kiyosaki emphasizes that he remains "very bullish and optimistic on Bitcoin." He plans to reinvest the earnings into ventures with positive cash flow, contributing to his strategy for wealth accumulation that he has refined over the past 65 years, influenced by his experiences playing Monopoly with his father. Kiyosaki clarified, "I am not saying my plan should be your plan. Warren Buffett would think my plan too slow and foolish," indicating a divergence in investment philosophies.

He also noted that he had been advised against discussing his Bitcoin sale and subsequent investments online. "You may know why I was advised against being transparent. Too many sickos out there," he expressed on social media.

Criticism of Bitcoin ETFs and Government Money

On November 17, Kiyosaki reacted to Warren Buffett’s disparaging views on Bitcoin, suggesting that Buffett views it merely as speculation. In his defense, Kiyosaki questioned the stability of traditional assets, stating, "Doesn’t WB know that stocks crash, real estate crashes, and US government Bonds—the ‘safest’ investments in the world—are currently being ‘dumped’ by the Japanese and Chinese Central Banks?"

Kiyosaki categorizes money into three segments: gold and silver as "God’s Money," Bitcoin and Ethereum as "People’s Money," and government currency and Wall Street money as "Fake Money." He dismissed Bitcoin ETFs as "fake Bitcoin," maintaining that, "I will never invest in gold, silver, or Bitcoin ETFs…. Fake gold, silver, and Bitcoin…. Wall Street or Buffett’s money," reinforcing his conviction towards direct ownership in cryptocurrencies.

Emphasizing Bitcoin's fixed supply of 21 million coins compared to the unlimited nature of government-issued money, Kiyosaki's rationale for investing remains rooted in the belief that cryptocurrencies provide a safer alternative against inflation and economic uncertainty.