'Rich Dad Poor Dad' Author Sells His BTC Holdings After Predicting $250K per Coin
Robert Kiyosaki, the author of the "Rich Dad Poor Dad" financial literacy book, has sold Bitcoin that he owned for a total of $2.25 million in value, according to his most recent social media post.
Kiyosaki claims that he bought these Bitcoins years ago at $6,000 per coin. Hence, his purchase price was far lower than his sale price, generating a large gain.
The controversial pundit says that he sold his Bitcoin for "approximately $90,000" per coin.
Kiyosaki's next moves
He used the proceeds from selling Bitcoin to purchase two surgery centers. The financial commentators also invested in a billboard business.
Kiyosaki, who infamously filed for bankruptcy in October 2012, believes that these new businesses will generate approximately $27,500 per month in tax-free income by next February.
This is positive cash flow, meaning the income exceeds the costs of running these businesses.
Future Bitcoin plans
Kisaki's decision to jump ship might seem surprising, given that he previously predicted that he predicted that the price of Bitcoin could surge to as high as $250,000. Earlier this month, he said that he kept buying Bitcoin and Ethereum following the market correction while predicting "massive riches."
Despite selling, Kiyosaki is still bullish on Bitcoin. He plans to buy more Bitcoin in the future with the help of the cash flow from his new businesses.
The cryptocurrency is currently trading at $84,475, experiencing substantial volatility. Earlier today, it briefly collapsed below $81,000 on the Bitstamp exchange.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fed Steers Through Economic Uncertainty Lacking Crucial Data, Divisions Arise Over Interest Rate Direction
- The Fed faces a data gap ahead of its December meeting due to canceled/delayed October CPI and employment reports from the 43-day government shutdown. - Officials debate rate cuts amid conflicting priorities: inflation control vs. labor market risks, with some advocating cuts and others warning of "largely balanced" conditions. - Key indicators like weekly unemployment claims (1.957M) and ADP job losses highlight rising labor pressures, though pre-shutdown data shows 4.3% unemployment in August. - The da
Bitcoin Updates: The Fragile State of Bitcoin—Federal Reserve Moves, MSCI Examination, and Leverage-Induced Downturn
- Bitcoin's 30% drop to seven-month lows reflects Fed policy shifts, regulatory scrutiny, and leveraged trading risks. - Diminished Fed rate-cut expectations (30% in Dec) and MSCI's review of Bitcoin-heavy firms like MicroStrategy threaten $8.8B in passive outflows. - $1.27B in leveraged liquidations and CFTC's expanded oversight amplify structural vulnerabilities as Bitcoin correlates with risk assets. - Market awaits Fed easing and MSCI's Jan 2026 index decision, with Bitcoin potentially testing $85,000

Arizona state pension fund reports $24 million Bitcoin exposure via Strategy shares

Bitcoin sentiment hits lowest point since December 2023

