‘Rich Dad, Poor Dad’ author and Bitcoin bull Robert Kiyosaki sells his BTC
Analysis
Price Impact
MedRobert kiyosaki's decision to sell a significant amount of bitcoin, despite his long-term bullish outlook and prior $250k forecast, caused immediate market surprise and contributed to existing 'extreme fear' during a drawdown.
Trustworthiness
HighDirect reporting of robert kiyosaki's public disclosure and statements, including figures and his future intentions.
Price Direction
NeutralWhile kiyosaki's sale contributed to immediate downward pressure and fear, he explicitly stated his intention to re-acquire btc with future cash flow. other analysts also maintain long-term bullish views despite short-term distress, creating a mixed signal that leans towards short-term bearishness but long-term bullish sentiment.
Time Effect
ShortThe sale had an immediate impact, contributing to price dips and heightened 'extreme fear' in the short term. however, his intention to buy back with generated cash flow is a longer-term strategy that could provide future support.
Original Article:
Article Content:
Vince Quill 1 minute ago ‘Rich Dad, Poor Dad’ author and Bitcoin bull Robert Kiyosaki sells his BTC Kiyosaki disclosed that he sold his Bitcoin at $90,000 after he forecast a $250,000 price target for BTC in 2026 earlier in November. Listen 0:00 12 News COINTELEGRAPH IN YOUR SOCIAL FEED Investor and “Rich Dad, Poor Dad” author Robert Kiyosaki disclosed on Friday that he sold his $2.25 million in Bitcoin ( BTC ) and is reinvesting the money into businesses he owns to generate additional cash flow. Kiyosaki said that he acquired the BTC “years ago” when it was trading at around $6,000 and sold it at about $90,000. The profits from the investment will be funnelled into two “surgery centers” and a billboard business, he said. The investment in these businesses is expected to yield $27,500 in tax-free monthly income by February 2026, he estimated. Source: Robert Kiyosaki “I am still very bullish and optimistic on Bitcoin and will begin acquiring more with my positive cash flow,” he said. On Nov. 9, Kiyosaki forecast a BTC price target of $250,000 by 2026 and a $27,000 per ounce price target for gold. The announcement came as a surprise to some investors, and during the worst drawdown in the current cycle , as Bitcoin fell below $85,000, briefly tapping $80,537 on Friday before rebounding back to about $84,000, the price at the time of this writing. Related: Robert Kiyosaki says cash crunch driving crash, stays bullish on Bitcoin, gold Despair grips investors, as some analysts say it’s the start of the next bear market The Crypto Fear & Greed Index, a metric that tracks investor market sentiment, fell to a multi-year low of 11 on Friday, indicating “extreme fear,” according to CoinMarketCap . The Crypto Fear & Greed Index fell to multi-year lows, indicating extreme levels of investor fear and caution. Source: CoinMarketCap Bitcoin has dropped by over 33% from its all-time high above $126,000 reached in October, days before the historic market crash on Oct. 10 that triggered the most severe single-day liquidation in crypto history. Peter Brandt, a veteran trader with decades of experience, said on Thursday that Bitcoin will reach $200,000 in Q3 2029 , adding that the market flush is positive for BTC, which he remains long-term bullish on. Record outflows from Bitcoin exchange-traded funds and the ongoing downturn signal short-term distress , rather than weakening institutional demand for BTC or deteriorating fundamentals, analysts at crypto exchange Bitfinex said on Friday. Magazine: Bitcoin is ‘funny internet money’ during a crisis: Tezos co-founder # Bitcoin # Bitcoin Price # Investments # Market Release Add reaction