Investor and “Wealthy Dad, Poor Dad” creator 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 more money move.
Kiyosaki said that he acquired the BTC “years in the past” when it was trading at around $6,000 and offered it at about $90,000. The earnings from the funding will likely 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 constructive money move,” he mentioned. On Nov. 9, Kiyosaki forecast a BTC price target of $250,000 by 2026 and a $27,000 per ounce value goal for gold.
The announcement got here as a surprise to some buyers, and in the course of the worst drawdown in the current 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.
Associated: Robert Kiyosaki says cash crunch driving crash, stays bullish on Bitcoin, gold
Despair grips buyers, 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 response to CoinMarketCap.
Bitcoin has dropped by over 33% from its all-time high 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, said on Thursday that Bitcoin will reach $200,000 in Q3 2029, including that the market flush is constructive for BTC, which he stays long-term bullish on.
Report outflows from Bitcoin exchange-traded funds and the continued downturn signal short-term distress, somewhat than weakening institutional demand for BTC or deteriorating fundamentals, analysts at crypto change Bitfinex mentioned on Friday.
Journal: Bitcoin is ‘funny internet money’ during a crisis: Tezos co-founder
