Investor and author of “Rich Dad Poor Dad” Robert Kiyosaki revealed on Friday that he is selling his $2.25 million Bitcoin (BTC) holding and reinvesting the money into his business to generate additional cash flow.
Kiyosaki said he bought BTC “several years ago” when it was trading for about $6,000 and sold it for about $90,000. Profits from the investment will be funneled into two “surgery centers” and a sign business, he said.
He estimated that investing in these businesses would generate $27,500 a month in tax-free income by February 2026.
sauce: robert kiyosaki
“I remain very bullish and optimistic on Bitcoin and will start to take advantage of the positive cash flow to earn even more Bitcoin,” he said. On November 9, Kiyosaki predicted a BTC price target of $250,000 and a gold price target of $27,000 per ounce by 2026.
The announcement came as a surprise to some investors and comes amid the worst drawdown of the current cycle, as Bitcoin fell below $85,000 on Friday, briefly hitting $80,537 before rebounding to around $84,000, the price at press time.
Related: Robert Kiyosaki says financial difficulties are causing the crash, remains bullish on Bitcoin and gold
Some analysts say this is the beginning of the next bear market, and a sense of despair grips investors
The Crypto Fear & Greed Index, an index that tracks investor market sentiment, fell to 11 on Friday, its lowest level in years, indicating “extreme fear,” according to CoinMarketCap.
The Crypto Fear and Greed Index has fallen to multi-year lows, indicating extreme investor fear and caution. sauce: coin market cap
Bitcoin has fallen more than 33% from its all-time high of over $126,000 in October, just days before the historic market crash on October 10 that triggered the most severe one-day liquidation in crypto history.
Peter Brandt, a veteran trader with decades of experience, said on Thursday that Bitcoin will reach $200,000 in the third quarter of 2029, adding that the market flush is positive for BTC and remains bullish in the long term.
Analysts at crypto exchange Bitfinex said on Friday that record outflows from Bitcoin exchange-traded funds (ETFs) and the ongoing economic downturn signal short-term distress rather than weakening institutional demand for BTC or deteriorating fundamentals.
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