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One Of The Most Popular Bitcoin Advocates Dumps Millions In BTC, Here’s Why

One of Bitcoin’s most recognizable champions has stunned the market by revealing that he liquidated a multi-million-dollar portion of his holdings at roughly $90,000 per coin. 

Robert Kiyosaki, the Rich Dad, Poor Dad author whose unwavering support for Bitcoin has shaped conversations across the financial world, confirmed that he cashed out $2.25 million worth of BTC after holding it for years.

Kiyosaki Dumps $2.25 Million In Bitcoin At Around $90,000

Bitcoin broke below the $90,000 level on November 20 after a wave of intensified selling, and new information indicates that one of the asset’s most outspoken believers played a part in that downward pressure.

Taking to the social media platform X, Robert Kiyosaki explained that he sold $2.25 million worth of BTC, with the coins originally purchased at about $6,000 each years ago. The sale happened around the $90,000 price zone, meaning he profited about $84,000 on each coin.

He framed the announcement as “practicing what I teach,” pointing out that the liquidation was not due to fear or market weakness but by a deliberate decision to redirect his crypto profits into ventures that generate predictable monthly income.

What makes the announcement more noteworthy is that it came shortly after Kiyosaki declared he would not sell any of his Bitcoin during the recent correction. 

It also goes against the financial author’s history of telling investors to protect their wealth by accumulating Bitcoin and his calls for a $250,000 price target for the cryptocurrency.

In a November 15 post on X titled “BITCOIN CRASHING,” he answered questions from followers by saying he was not selling and that he was waiting. According to him, markets were crashing because the world needed cash, but he personally did not need cash.

Why Did Kiyosaki Sell His BTC?

Kiyosaki said he used the proceeds from his Bitcoin sale to acquire two surgery centers and invest in a billboard business. According to his estimates, these new ventures will begin producing about $27,500 in tax-free monthly income by next February. 

Even with the sale, he noted that he is still very bullish and optimistic on BTC. He described the cryptocurrency as a pivotal asset for the future, adding that the sale simply allowed him to expand his cash-flow portfolio. 

He even stated that he intends to accumulate more BTC using income generated from the surgery centers and billboard business. This clarification places the sale in a different light, not as a complete loss of confidence in Bitcoin from Kiyosaki, but as a change in long-term strategy.

At the time of writing, Bitcoin is trading at $86,720, up by 1% in the past 24 hours. However, the leading cryptocurrency is still down by 9.2% in the past seven days and 21% since the beginning of November.

Bitcoin

from Bitcoinist.com https://ift.tt/AJd8V7Y
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