Robert Kiyosaki Sells $2.25M in Bitcoin: Here’s What You Need to Know
Robert Kiyosaki, the mind behind “Rich Dad Poor Dad,” has sold $2.25 million in Bitcoin at around $90,000 per coin.
Years ago, he acquired the Bitcoin (BTC) at a price of $6,000 per coin, resulting in significant profits from this investment.
Kiyosaki disclosed that he is reinvesting the funds into two surgical centers and a billboard venture. He estimates these investments will yield approximately $27,500 per month in tax-free income by February 2026.
Kiyosaki remains optimistic about Bitcoin post-sale
The author of “Rich Dad Poor Dad” expressed that he continues to feel “very bullish and optimistic about Bitcoin,” and intends to start acquiring more using his positive cash flow.
He described this strategy as part of his “get rich plan,” which he has been following for over 65 years since playing Monopoly with his “Rich Dad.”
“I’m not claiming my approach should be your approach. Warren Buffett might find my plan too slow and foolish,” Kiyosaki remarked on X.
Kiyosaki mentioned he was advised not to share details about the Bitcoin sale and property investment, saying, “You might understand why I was cautioned against being transparent. There are too many unhealthy individuals out there,” he remarked.
Author dismisses Bitcoin ETFs, deems government currency “fake”
On November 17, Kiyosaki critiqued Warren Buffett’s negative stance on Bitcoin, noting that Buffett has labeled it as speculation rather than genuine investing.
The author defended his cryptocurrency investments by questioning traditional assets. “Doesn’t WB realize that stocks crash, real estate crashes, and US government bonds, which are deemed the ‘safest’ investments, are currently being offloaded by Japanese and Chinese central banks?” he wrote.
Kiyosaki categorized money into three segments: gold and silver as “God’s Money,” Bitcoin and Ethereum as “People’s Money,” and money from the Federal Reserve, government, and Wall Street as “Fake Money.”
He criticized Bitcoin ETFs, calling them “fake Bitcoin” and associated with Wall Street money. “I will never invest in gold, silver, or Bitcoin ETFs… they are fake gold, silver, and Bitcoin… coming from Wall Street or Buffett’s funds,” he stated.
Kiyosaki cited Bitcoin’s capped supply of 21 million coins as a counter to the unlimited printing of government money as his reasoning for investing.