Robert Kiyosaki, the celebrated author of “Rich Dad Poor Dad,” has announced the sale of $2.25 million worth of Bitcoin. The investor revealed he had acquired the cryptocurrency years ago for approximately $6,000 per coin and sold at a price of around $90,000.

Instead of holding the profits, Kiyosaki is reinvesting the capital into tangible businesses, including two surgery centers and a billboard company. He projects these ventures will generate a tax-free monthly income of about $27,500 by February 2026. This move aligns with the cash-flow-focused wealth-building strategy he has advocated for decades.

Despite the significant sale, Kiyosaki affirmed that his outlook on Bitcoin remains positive. He clarified that he plans to use the new income from his businesses to acquire more cryptocurrency, sticking to a wealth-building plan he says he has followed for over 65 years. His long-term confidence is notable, especially after his November 9 forecast that Bitcoin could reach $250,000 by 2026.

Market Sentiment Hits Extreme Lows

Kiyosaki’s announcement comes during a turbulent period for the cryptocurrency market. Bitcoin’s price fell below $85,000 on Friday, briefly touching a low of $80,537 before recovering to the $84,000 level. The price action represents a steep decline of over 33% from its all-time high of more than $126,000, which was reached in October.

Reflecting the widespread anxiety, the Crypto Fear & Greed Index plummeted to a reading of 11 on Friday, a multi-year low that signals “extreme fear” among investors. Analysts from the Bitfinex exchange noted that record outflows from Bitcoin exchange-traded funds are signaling short-term distress, though they maintain this doesn’t weaken the case for long-term institutional demand.

Veteran Traders Share Cautious Optimism

While the current market is bearish, some veteran traders are maintaining a bullish long-term perspective. Peter Brandt, a seasoned trader, shared an outlook projecting that Bitcoin could reach $200,000 in the third quarter of 2029. He views the current market downturn as a healthy correction but warned that Bitcoin could still drop to $58,000 before its next major rally.

Meanwhile, other major players like BlackRock have been observed transferring Bitcoin and Ethereum to Coinbase during the price decline, suggesting strategic accumulation. Arthur Hayes suggested the market may be approaching a bottom but advised investors to wait for a pullback in U.S. stocks before making significant moves.

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