Investor and “Wealthy Dad, Poor Dad” writer Robert Kiyosaki disclosed on Friday that he offered his $2.25 million in Bitcoin (BTC) and is reinvesting the cash into companies he owns to generate extra money circulate.
Kiyosaki stated that he acquired the BTC “years in the past” when it was buying and selling at round $6,000 and offered it at about $90,000. The earnings from the funding can be funnelled into two “surgical procedure facilities” and a billboard enterprise, he stated.
The funding in these companies is predicted to yield $27,500 in tax-free month-to-month revenue by February 2026, he estimated.
“I’m nonetheless very bullish and optimistic on Bitcoin and can start buying extra with my optimistic money circulate,” he stated. On Nov. 9, Kiyosaki forecast a BTC worth goal of $250,000 by 2026 and a $27,000 per ounce worth goal for gold.
The announcement got here as a shock to some buyers, and through the worst drawdown within the present cycle, as Bitcoin fell beneath $85,000, briefly tapping $80,537 on Friday earlier than rebounding again to about $84,000, the worth on the time of this writing.
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Despair grips buyers, as some analysts say it’s the beginning of the subsequent bear market
The Crypto Worry & Greed Index, a metric that tracks investor market sentiment, fell to a multi-year low of 11 on Friday, indicating “excessive worry,” in accordance with CoinMarketCap.
Bitcoin has dropped by over 33% from its all-time excessive above $126,000 reached in October, days earlier than the historic market crash on Oct. 10 that triggered probably the most extreme single-day liquidation in crypto historical past.
Peter Brandt, a veteran dealer with many years of expertise, stated on Thursday that Bitcoin will attain $200,000 in Q3 2029, including that the market flush is optimistic for BTC, which he stays long-term bullish on.
Document outflows from Bitcoin exchange-traded funds and the continued downturn sign short-term misery, reasonably than weakening institutional demand for BTC or deteriorating fundamentals, analysts at crypto alternate Bitfinex stated on Friday.
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