Robert Kiyosaki Sells $2.25M in Bitcoin to Build New Businesses

Robert Kiyosaki, the well-known author of Rich Dad Poor Dad, has recently sold more than $2 million worth of Bitcoin (BTC), an action that added to the current sell-offs. 

However, despite the sale, Kiyosaki insists that he remains strongly bullish on Bitcoin and plans to accumulate even more in the future. 

Turning Bitcoin Profits Into New Cash-Flow Businesses

Kiyosaki revealed that he sold about $2.25 million worth of Bitcoin, which he originally bought for around $6,000 per coin. Instead of keeping the profits in the market, he is using the money to build two surgery centers and a billboard advertising business.

According to him, using valuable assets to create steady, reliable cash-flowing businesses is part of a long-term wealth strategy he has followed for decades.

He believes these new ventures will bring in about $27,500 per month starting early next year. When combined with his ongoing real-estate income, Kiyosaki expects his monthly cash flow to reach hundreds of thousands of dollars.

Robert Kiyosaki Still Bullish on Bitcoin

Even after selling millions in Bitcoin, Kiyosaki made it clear that he has not lost confidence in the world’s largest cryptocurrency. In a recent X post, the author said he is still very bullish and optimistic on Bitcoin and will begin acquiring more with his positive cash flow. 

The sale, according to him, is not because he doubts Bitcoin, but because he wants to expand his business portfolio while continuing to buy BTC over time. 

Kiyosaki has been vocal about a possible major economic downturn. In July, he urged investors to buy Bitcoin when prices dropped. He warned that several economic bubbles might burst soon.

More recently, on November 9, he predicted that the flagship crypto could rise to $250,000 by 2026, while gold could hit $27,000 per ounce. His long-term view remains extremely optimistic, even as the crypto market struggles.

Other Experts Expect a Rebound, But Not Immediately

Kiyosaki is not the only major voice sharing bold predictions. Arthur Hayes, former BitMEX CEO, believes the market could be close to bottoming out. However, he advised investors to wait for a pullback in U.S. stocks before buying heavily into crypto.

Peter Brandt, a veteran trader, thinks the top coin could climb to $200,000 by 2029. He sees the current crash as healthy for long-term growth, though he warns the price could still fall to $58,000 in the short term. These views highlight the uncertainty gripping the market, even among top analysts.

While some experts are calling for a long-term rally, BlackRock has continued to sell off crypto. Just yesterday, the asset manager transferred thousands of Bitcoin and Ethereum to Coinbase. The firm has been making similar moves throughout the market crash, adding more pressure to the ongoing downturn.