Investor and “Wealthy Dad, Poor Dad” writer Robert Kiyosaki disclosed on Friday that he offered his $2.25 million in Bitcoin (BTC) and is reinvesting the cash into companies he owns to generate extra money stream.
Kiyosaki mentioned that he acquired the BTC “years in the past” when it was buying and selling at round $6,000 and offered it at about $90,000. The earnings from the funding might be funnelled into two “surgical procedure facilities” and a billboard enterprise, he mentioned.
The funding in these companies is anticipated to yield $27,500 in tax-free month-to-month revenue by February 2026, he estimated.
“I’m nonetheless very bullish and optimistic on Bitcoin and can start buying extra with my optimistic money stream,” he mentioned. On Nov. 9, Kiyosaki forecast a BTC worth goal of $250,000 by 2026 and a $27,000 per ounce worth goal for gold.
The announcement got here as a shock to some traders, and in the course of the worst drawdown within the present cycle, as Bitcoin fell under $85,000, briefly tapping $80,537 on Friday earlier than rebounding again to about $84,000, the value on the time of this writing.
Associated: Robert Kiyosaki says money crunch driving crash, stays bullish on Bitcoin, gold
Despair grips traders, as some analysts say it’s the beginning of the subsequent bear market
The Crypto Worry & Greed Index, a metric that tracks investor market sentiment, fell to a multi-year low of 11 on Friday, indicating “excessive concern,” in line with CoinMarketCap.
Bitcoin has dropped by over 33% from its all-time excessive above $126,000 reached in October, days earlier than the historic market crash on Oct. 10 that triggered essentially the most extreme single-day liquidation in crypto historical past.
Peter Brandt, a veteran dealer with many years of expertise, mentioned on Thursday that Bitcoin will attain $200,000 in Q3 2029, including that the market flush is optimistic for BTC, which he stays long-term bullish on.
Report outflows from Bitcoin exchange-traded funds and the continued downturn sign short-term misery, relatively than weakening institutional demand for BTC or deteriorating fundamentals, analysts at crypto trade Bitfinex mentioned on Friday.
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