Rich Dad Poor Dad Author Cashes In | Sells $2.25 Million in Crypto Amid Market Scare
Edited By
Marco Silvestri
Robert Kiyosaki, the author of Rich Dad Poor Dad, recently announced the sale of approximately $1 million in Bitcoin. This move comes amid a volatile period in the crypto market, raising eyebrows among investors and commentators alike.
Quick Sale in a Downturn
Kiyosaki sold his Bitcoin at nearly $90,000 after originally purchasing it years ago when prices hovered around $6,000. Many wonder why he chose this moment to cash out. He reassured followers that this wasn't the end of his Bitcoin journey; rather, he aims to reinvest into two surgery centers and a billboard business. Kiyosaki estimates these ventures will yield around $27,500 in tax-free monthly income by February 2026.
Market Dynamics at Play
Interestingly, Kiyosaki remains bullish on Bitcoin, predicting it could hit around $250,000 by 2026. His timing, however, comes at a tense moment as Bitcoin experienced turbulence, dropping to the mid-$80,000s before stabilizing. The Fear and Greed Index recently reported extreme fear at 11, indicating market anxiety. Investors are concerned we may slide deeper into a bear phase, but some analysts view this downturn as temporary stress rather than a full breakdown.
"Take profits when they’re there, reinvest in cash flowing assets, then buy back later when you have stable income," Kiyosaki stated, reflecting a tactical approach.
Community Response
Kiyosaki's announcement has drawn a mixed bag of reactions on user boards:
Many are skeptical about Kiyosaki’s legitimacy, expressing doubts about his financial acumen. Comments like, "He is such a con man lol," and "This guy is a fraud" reflect a wave of negativity.
Some users call out the paradox of Kiyosaki's promise of returns, with one commenting, "330k annualized on investment is 14.6%. That’s better than the long term return of the stock market. Sounds like BS to me."
Others highlight the broader implications of his actions, noting that selling during a downturn raises questions about market confidence. One user remarked, "He says he's a billionaire. Why does he care about $27,500 a month?"
Key Points to Consider
⚡ Kiyosaki sold approximately $1 million in Bitcoin at near $90,000 per coin.
💰 He plans to reinvest proceeds into surgery centers and a billboard business for tax-free income.
📉 Bitcoin recently dropped to the mid-$80,000 range, prompting fear in the market.
📊 The Fear and Greed Index hit a low of 11, signaling extreme fear.
🔮 Analysts remain divided on future Bitcoin trends, with some predicting a rise back to past highs.
This situation underscores Kiyosaki’s complex relationship with the crypto market, as he maneuvers through highs and lows while engaged with both his followers and critics.
Looking Forward in Crypto Trends
There's a strong chance the crypto market could rebound as early as mid-2026, particularly if Bitcoin regains momentum and trades above the $100,000 mark. Experts estimate around a 65% likelihood of this recovery occurring. Kiyosaki's strategic moves might also inspire renewed interest from investors, reflecting a broader trend where prominent figures influence market confidence. Conversely, if the market retains its current fear levels, analysts caution that we could see a prolonged downturn, with a lower likelihood of recovery in 2025. Understanding these dynamics will be crucial for stakeholders as they plan their financial strategies.
A Historical Echo in Financial Decisions
Interestingly, Kiyosaki's decision to reinvest during market fear has a historical parallel in the actions of John D. Rockefeller. During the 1907 financial panic, Rockefeller famously purchased stocks at low prices, confident in the eventual recovery of the economy. His foresight allowed him to capitalize on undervalued assets, much like Kiyosaki aims to do with his new ventures. This historical context highlights that even amidst uncertainty, savvy investments can lead to substantial gains in the long run.