‘Rich Dad Poor Dad’ Author Robert Kiyosaki Sells $2.25M Bitcoin, Says He’s Still Bullish

“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. 

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.” 

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 (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.

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.”

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