Investor and author of “Rich Dad, Poor Dad” Robert Kiyosaki revealed Friday that he sold his $2.25 million in Bitcoin (BTC) and reinvests the money in the businesses it owns to generate additional cash flow.
Kiyosaki said that he acquired BTC “years ago” when he was trading at around $6,000 and sold it for around $90,000. Profits from the investment will be channeled into two “surgical centers” and a billboard company, he said.
Investing in these businesses is expected to yield $27,500 in tax-free monthly income by February 2026, he estimated.
“I’m still very bullish on Bitcoin and will start acquiring more with my positive cash flow,” he said. On November 9, Kiyosaki planned a BTC price target of $250,000 by 2026 and a gold price target of $27,000 per ounce.
The announcement came as a surprise to certain investors, and during the worst decline of current cycleas Bitcoin fell below $85,000, briefly reaching $80,537 on Friday before rebounding to around $84,000, the price at the time of this writing.
Related: Robert Kiyosaki Says Lack of Liquidity Leads to Crash, Remains Bullish on Bitcoin and Gold
Desperation is gripping investors as some analysts say this is the start of the next bear market.
The Crypto Fear & Greed Index, a measure that tracks investor sentiment in the market, fell to a multi-year low of 11 on Friday, indicating “extreme fear,” according to CoinMarketCap.
Bitcoin fell more than 33% from its an all-time high above $126,000 reached in October, a few days before the historic stock market crash on October 10, which triggered the most severe single-day liquidation in crypto history.
Peter Brandt, a seasoned trader with decades of experience, said Thursday that Bitcoin to hit $200,000 in Q3 2029adding that market dynamics are positive for BTC, on which he remains bullish in the long term.
Record Bitcoin Exchange Traded Fund Outflows and Current Slowdown report short-term distressrather than weaken institutional demand for BTC or deteriorate fundamentals, analysts at crypto exchange Bitfinex said on Friday.
Review: Bitcoin is ‘funny money on the Internet’ in times of crisis: co-founder of Tezos
