Robert Kiyosaki Sells His Bitcoin Holdings but Remains Bullish on BTC

Summary:
Investor Robert Kiyosaki, known for his book “Rich Dad, Poor Dad,” has sold his Bitcoin holdings worth $2.25 million. He plans to reinvest the profits into his businesses. Despite this sale, Kiyosaki maintains a positive outlook on Bitcoin's future.

Key Takeaways

Robert Kiyosaki has sold $2.25 million in Bitcoin, which he bought years ago for around $6,000.
He aims to reinvest the profits into ventures expected to yield a tax-free income of $27,500 monthly by February 2026.
Kiyosaki is still optimistic about Bitcoin and has set a price target of $250,000 for BTC by 2026.
The market is currently experiencing high fear ratings, with Bitcoin prices significantly down from their all-time high.

Investor and author Robert Kiyosaki, famous for his book “Rich Dad, Poor Dad,” announced on Friday that he has sold his Bitcoin (BTC) holdings totaling $2.25 million. Kiyosaki plans to reinvest this money into his businesses to create more cash flow.

He acquired his Bitcoin “years ago” when the price was approximately $6,000 and sold it at around $90,000. The profits gained from this investment will be used to fund two “surgery centers” and a billboard business, which he estimates will generate $27,500 in tax-free monthly income by February 2026.

‘Rich Dad, Poor Dad’ author and Bitcoin bull Robert Kiyosaki sells his BTC

“I am still very bullish and optimistic on Bitcoin and will begin acquiring more with my positive cash flow,” he stated. On November 9, Kiyosaki projected a Bitcoin price of $250,000 by 2026 and a gold price of $27,000 per ounce.

His announcement surprised various investors, arriving during a difficult time as Bitcoin's value dipped below $85,000, briefly hitting a low of $80,537 before recovering to about $84,000 at the time of writing.

Bitcoin Price, Investments

Investors Concerned as Market Sentiment Deteriorates

The Crypto Fear & Greed Index, a tool used to gauge investor sentiment, dropped to a multi-year low of 11 on Friday, indicating “extreme fear,” as per CoinMarketCap.

Bitcoin Price, Investments

Bitcoin has decreased by more than 33% from its all-time high of over $126,000, which was reached in October, just days before a massive market crash on October 10 that led to unprecedented single-day liquidations in the crypto space.

Veteran trader Peter Brandt predicted on Thursday that Bitcoin will hit $200,000 in the third quarter of 2029. He believes the current market downturn is positive for Bitcoin and remains bullish in the long run.

Additionally, analysts from crypto exchange Bitfinex noted that record outflows from Bitcoin exchange-traded funds and the current drop suggest short-term distress rather than a decline in institutional demand or weakening fundamentals for Bitcoin.

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