On Friday, Robert Kiyosaki, the well-known investor and author of Rich Dad, Poor Dad, announced that he has sold his Bitcoin holdings valued at $2.25 million, which he originally bought for approximately $6,000 each. He plans to reinvest the proceeds into his existing businesses in order to boost cash flow.
Kiyosaki expressed that he maintains a bullish outlook on Bitcoin despite selling, planning to reinvest any positive earnings into BTC. Earlier this month, he predicted a significant increase in Bitcoin’s value, targeting $250,000 by 2026, and also set a gold price target of $27,000 per ounce.
Kiyosaki Selling BTC
Source: Robert Kiyosaki
Kiyosaki’s announcement came as a surprise during a volatile market period, where Bitcoin briefly fell below $85,000 before rebounding. The Crypto Fear & Greed Index has dropped to an extreme fear level of 11, indicating widespread investor caution. Meanwhile, Bitcoin has decreased by over 33% since its all-time high of above $126,000, recorded just before a significant market downturn on October 10.
Veteran trader Peter Brandt mentioned that he believes Bitcoin may reach $200,000 by 2029, maintaining a long-term bullish perspective despite current market conditions.**
