Investor and “Wealthy Dad, Poor Dad” writer Robert Kiyosaki disclosed on Friday that he bought his $2.25 million in Bitcoin (BTC) and is reinvesting the cash into companies he owns to generate more money circulation.
Kiyosaki mentioned that he acquired the BTC “years in the past” when it was buying and selling at round $6,000 and bought it at about $90,000. The earnings from the funding shall be funnelled into two “surgical procedure facilities” and a billboard enterprise, he mentioned.
The funding in these companies is predicted to yield $27,500 in tax-free month-to-month earnings by February 2026, he estimated.
“I’m nonetheless very bullish and optimistic on Bitcoin and can start buying extra with my constructive money circulation,” he mentioned. On Nov. 9, Kiyosaki forecast a BTC value goal of $250,000 by 2026 and a $27,000 per ounce value goal for gold.
The announcement got here as a shock to some traders, and throughout the worst drawdown within the present cycle, as Bitcoin fell beneath $85,000, briefly tapping $80,537 on Friday earlier than rebounding again to about $84,000, the worth on the time of this writing.
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The Crypto Worry & Greed Index, a metric that tracks investor market sentiment, fell to a multi-year low of 11 on Friday, indicating “excessive worry,” in response to 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 probably 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 constructive for BTC, which he stays long-term bullish on.
File outflows from Bitcoin exchange-traded funds and the continuing downturn sign short-term misery, slightly than weakening institutional demand for BTC or deteriorating fundamentals, analysts at crypto alternate Bitfinex mentioned on Friday.
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