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Robert Kiyosaki Discloses $2.25M Bitcoin Sale, Says He’s Bullish

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“Rich Dad Poor Dad” author Robert Kiyosaki sold $2.25 million worth of Bitcoin, but said he remains confident in the crypto’s long-term prospects.

The author said in a Nov. 21 post on X that he had purchased the Bitcoin “years ago” when it was trading at around $6,000 and sold it at around $90,000 per coin. 

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He said he will use the $2.25 million proceeds to purchase two surgery centers and will also invest in a bill board business. 

“I estimate my $2.25 million Bitcoin investment into the surgery centers and Bill Board business will be positive cash flowing approximately $27,500 a month income by next February….tax free,” he said. 

Kiyosaki added that the $27,500 in passive income a month will add to his “positive real estate based business,” which will make his “cash flow cushion a bit fluffier.” 

Despite the sale, Kiyosaki said that he is “still very bullish and optimistic on Bitcoin” and that he will begin “acquiring more with the positive cash flow.” 

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Bitcoin Price Plummets

Bitcoin has plummeted 23% in the past month and even tested the $80,000 mark this week. It has since pared losses to trade at $84,061.63 as of 1:53 a.m. EST. 

BTC price

BTC price (Source: CoinMarketCap

BTC is also down 33% from the all-time high (ATH) of $126,198.07 that it set on Oct. 6. 

Kiyosaki’s decision to sell Bitcoin came as the Crypto Fear & Greed Index slumped four points to an ”extreme fear” reading of 11, down from 27 just a month ago.

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Spot Bitcoin ETFs End The Week With Inflows, Record Trading Volume

As Kiyosaki sold, Bitcoin ETFs recorded $238.4 million in inflows yesterday, ending a rough week that saw outflows in six of the seven previous sessions

Fidelity’s FBTC led inflows on the day with $108 million entering its reserves, while BlackRock’s IBIT was the only fund to record outflows after investors pulled $122 million from the product. 

BTC ETFs also recorded record trading volumes of $11.5 billion volumes, with BlackRock’s IBIT accounting for $8 billion of the total.

“Wild but also normal- whenever an ETF or category is ‘going through it’ volume is elevated,” said Bloomberg ETF analyst Eric Blachunas on X. “ETFs are liq release valves.”

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Balchunas also highlighted that put option volumes for IBIT saw a record week. 

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