Currencies37845
Market Cap$ 2.43T-3.08%
24h Spot Volume$ 61.56B+10.4%
DominanceBTC55.30%-0.98%ETH9.30%-2.28%
ETH Gas0.12 Gwei
Cryptorank
/

Kiyosaki Exits Bitcoin Position Despite Bullish Long-Term Outlook


Kiyosaki Exits Bitcoin Position Despite Bullish Long-Term Outlook

Share:

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

  • Robert Kiyosaki sold $2.25 million worth of Bitcoin, originally bought at $6,000 per coin and sold near $90,000.
  • He is reinvesting proceeds into two surgical centers and a billboard advertising business, expecting $27,500 per month in tax-free income by February 2026.

Robert Kiyosaki has given up all of his Bitcoin holdings, cashing out around $2.25 million worth of cryptocurrency, while still remaining positive long term on digital assets. The well-known author and financial educator bought his Bitcoin several years earlier when it was approximately priced at $6,000 a coin, and sold close to $90,000 coin level. The sale takes place during a tremendous amount of volatility in the markets, with rising levels of anxiety from investors across crypto markets.

Strategic Pivot Toward Cash-Generating Assets

The author of “Rich Dad, Poor Dad” is planning to use the money he gets from selling his Bitcoin to start some traditional business ventures that would generate regular monthly income streams. Kiyosaki revealed that he had invested in two surgery centers and a billboard advertising business and that he expected these purchases to yield $27, 500 in tax, free monthly revenue by February 2026.

The strategic shift here is very much a tactical move to simply reallocate the resources rather than giving up the crypto completely, as Kiyosaki said that he intends to use the positive cash flow to buy more Bitcoin again. He had earlier predicted that Bitcoin would hit $250, 000 by 2026, thus implying that his sale is just a way of rebalancing his portfolio and not a reversal of his bearish sentiment.

Bitcoin has been under heavy selling pressure and its price has fallen by more than a third since the record high of over $126,000 in October. Last Friday, the price even went down to $80, 537 before it started to rise again to approximately $84,000. The Crypto Fear and Greed Index fell to 11, which represents the level of extreme fear that has not been experienced for several years, as investors are struggling with large market corrections.

The historic crash in October caused the fastest liquidations of positions in recent memory and has left deep psychological scars among investors, which in turn has influenced the current gloomy mood prevalent in the trading communities.

In spite of the temporary disruptions, experienced trader Peter Brandt still believes that Bitcoin will go up to $200,000 by the third quarter of 2029, which means that the current market weakness can be used to accumulate BTC by long term investors.

Analysts at crypto exchange Bitfinex view the ETF outflows and a drop in the price of BTC to be a temporary hardship situation and not a fundamental decline in the demand for Bitcoin from institutions. This view is consistent with Kiyosaki’s saying that he will start buying Bitcoin again when his business investments will have started producing the expected cash flows.

Highlighted Crypto News Today: 

Memecoins Crash to 2025 Lows as $5B Vanishes in One Day

Read the article at TheNewsCrypto

In This News

Coins

$ 67.16K

-4.13%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

In This News

Coins

$ 67.16K

-4.13%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

Read More

Prediction market traders bet bitcoin's selloff has further to run

Prediction market traders bet bitcoin's selloff has further to run

Markets now imply a 66% chance bitcoin falls below $55,000 and a coin-flip chance of ...
Bitcoin's 'fear gauge' surges nearly 20%, its biggest jump since Feb. 5 crash

Bitcoin's 'fear gauge' surges nearly 20%, its biggest jump since Feb. 5 crash

The jump signals return of fear after two months of calm market sentiment.