Robert Kiyosaki | Sells $2.25M in Crypto | Reinvests in Business
Edited By
Jessica Lin
In a surprising turn of events, Robert Kiyosaki, author of "Rich Dad Poor Dad," disclosed that he sold approximately $1 million worth of Bitcoin recently. This decision, made Friday, raised eyebrows among crypto enthusiasts and skeptics alike.
Kiyosaki mentioned he bought his Bitcoin years ago when the price was around $6,000 and has capitalized on the current hype by selling near $90,000. But here’s the kicker: he claims he's not abandoning Bitcoin; instead, he’s reinvesting the proceeds into two surgery centers and a billboard business, projecting a tax-free monthly income of around $27,500 by February 2026. This move comes as Bitcoin recently experienced volatility, dipping into the mid-$80,000 range.
Controversy Surrounding Kiyosaki's Move
Many commentators expressed doubt about Kiyosaki's credibility. Comments highlighted that some consider him a con man, questioning his motivations behind the sale. One commenter noted, "Why sell at $90K when he’s claiming Bitcoin could hit $250K?"
Critics have also drawn parallels between Kiyosaki and other market timers, suggesting that timing could backfire, much like it did for others in the past.
The Sentiment of Crypto Community
The mixed reactions in the crypto forums show a blend of skepticism and curiosity.
Skeptics claim Kiyosaki is spinning tales to justify profit-taking.
Supports argue reinvestment into cash-flow businesses reflects a sound financial strategy.
Analysts suggest that despite recent downturns, institutional interest in Bitcoin remains, casting doubt on a prolonged bear market.
"He’s still bullish on Bitcoin plans to buy back later," a supporter stated.
Key Takeaways:
🪙 Kiyosaki sold $1M in Bitcoin, locking in profits from a $6,000 investment.
🚧 Critics label him as a con man and question his investment choices.
💼 Plans to reinvest in businesses promising $27.5K monthly income, suggesting strategic cash flow management.
Amid this backdrop of tumult, some traders remain optimistic. Veteran trader Peter Brandt predicts Bitcoin could reach $200,000 in a future cycle. The community watches closely: will Kiyosaki's strategy pay off, or are such moves simply noise in a tumultuous market? Only time will tell.
What Lies Ahead for Kiyosaki and Bitcoin?
There’s a strong chance that Kiyosaki’s strategy will stir both support and skepticism in the coming months. Analysts speculate that if Bitcoin rebounds from its current dip and moves closer to the $100,000 mark, Kiyosaki could benefit significantly from reinvesting when prices are more favorable. Many experts estimate around a 60% likelihood of Bitcoin stabilizing within this range by mid-2026, as institutional interest in cryptocurrency remains strong. This could validate Kiyosaki’s approach, suggesting that his bold moves might not be as reckless as critics claim, but rather a calculated risk in a volatile market.
A Lesson from the Gold Rush
In many ways, Kiyosaki's situation parallels the Gold Rush of the 1840s, where fortunes were made and lost in a matter of months. Just as speculators sold their finds for quick profits, many investors today grapple with the highs and lows of crypto trading. They often miss the deeper strategy behind successful ventures. Much like fortune-seekers in the Gold Rush who transitioned into stable businesses, Kiyosaki’s pivot to surgery centers echoes the wisdom that enduring wealth comes not just from speculation but from building lasting enterprises. This history reminds us that financial ebbs and flows often highlight the necessity of durable business strategies amidst market chaos.