Robert Kiyosaki Discloses $2.25M Bitcoin Sale, Says He is Bullish

“Wealthy Dad Poor Dad” creator Robert Kiyosaki bought $2.25 million price of Bitcoin, however mentioned he stays assured within the crypto’s long-term prospects.

The creator mentioned in a Nov. 21 publish on X that he had bought the Bitcoin “years in the past” when it was buying and selling at round $6,000 and bought it at round $90,000 per coin. 

He mentioned he’ll use the $2.25 million proceeds to buy two surgical procedure facilities and also will spend money on a invoice board enterprise. 

“I estimate my $2.25 million Bitcoin funding into the surgical procedure facilities and Invoice Board enterprise will probably be constructive money flowing roughly $27,500 a month earnings by subsequent February….tax free,” he mentioned. 

Kiyosaki added that the $27,500 in passive earnings a month will add to his “constructive actual property primarily based enterprise,” which is able to make his “money move cushion a bit fluffier.” 

Regardless of the sale, Kiyosaki mentioned that he’s “nonetheless very bullish and optimistic on Bitcoin” and that he’ll start “buying extra with the constructive money move.” 

Bitcoin Worth Plummets

Bitcoin has plummeted 23% prior to now month and even examined the $80,000 mark this week. It has since pared losses to commerce at $84,061.63 as of 1:53 a.m. EST. 

BTC value (Supply: CoinMarketCap) 

BTC can also be down 33% from the all-time excessive (ATH) of $126,198.07 that it set on Oct. 6. 

Kiyosaki’s determination to promote Bitcoin got here because the Crypto Worry & Greed Index slumped 4 factors to an ”excessive concern” studying of 11, down from 27 only a month in the past.

Spot Bitcoin ETFs Finish The Week With Inflows, File Buying and selling Quantity

As Kiyosaki bought, Bitcoin ETFs recorded $238.4 million in inflows yesterday, ending a tough week that noticed outflows in six of the seven earlier periods

Constancy’s FBTC led inflows on the day with $108 million getting into its reserves, whereas BlackRock’s IBIT was the one fund to file outflows after buyers pulled $122 million from the product. 

BTC ETFs additionally recorded file buying and selling volumes of $11.5 billion volumes, with BlackRock’s IBIT accounting for $8 billion of the whole.

“Wild but additionally normal- at any time when an ETF or class is ‘going via it’ quantity is elevated,” mentioned Bloomberg ETF analyst Eric Blachunas on X. “ETFs are liq launch valves.”

Balchunas additionally highlighted that put possibility volumes for IBIT noticed a file week. 

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