Robert Kiyosaki Sells Bitcoin Amid $250K Price Prediction Thriller
- Robert Kiyosaki sold his $2.25 million Bitcoin holdings, investing the profits into business ventures for cash flow. Despite the sale, Kiyosaki remains bullish on Bitcoin, with plans to acquire more as cash flow allows. The crypto market is experiencing heightened fear, with the Fear & Greed Index hitting multi-year lows amid a hard market correction. Bitcoin's price has fallen over 33% from its October all-time high, amid fears of entering a bear market. Analysts predict potential recovery, with some forecasting Bitcoin reaching $200,000 in the next few years.
Renowned investor and author Robert Kiyosaki has made headlines once again in the crypto space by revealing that he has sold his Bitcoin holdings worth approximately $2.25 million. The move comes as part of a broader strategy to boost cash flow by investing in businesses he owns, including surgery centers and billboard companies. Despite divesting from his Bitcoin investments, Kiyosaki remains optimistic about the future of cryptocurrency, emphasizing his continued bullish stance on Bitcoin and Ethereum.
Kiyosaki disclosed that he initially acquired Bitcoin years ago when prices hovered around $6,000. He sold at roughly $90,000, capturing considerable profit-funds he now plans to channel into ongoing business ventures. His goal is to generate around $27,500 in tax-free monthly income by early 2026 from these investments, reinforcing his belief in the long-term value of real assets over cryptocurrencies.
Source: Robert Kiyosaki
“I am still very bullish and optimistic on Bitcoin and will begin acquiring more with my positive cash flow,” Kiyosaki stated. He previously projected Bitcoin reaching $250,000 by 2026 and gold soaring to $27,000 per ounce, signaling his belief in the long-term growth potential of both assets despite current volatility.
The announcement was met with evident surprise amid a recent sharp market downturn. Bitcoin recently fell below $85,000, briefly hitting $80,537 before bouncing back to approximately $84,000. This price correction coincided with the worst drawdown of the current cycle, reflecting the heightened volatility and uncertainty prevailing in the crypto markets.
Investor Sentiment Declines as Markets Show Signs of StressThe Crypto Fear & Greed Index, a widely watched metric capturing investor sentiment, plunged to a multi-year low of 11 on Friday-an indication of“extreme fear” among traders. This decline reflects growing anxiety fueled by Bitcoin's over 33% drop from its October high above $126,000, just before a historic market crash on October 10 that resulted in severe liquidations across the crypto sector.
The Crypto Fear & Greed Index declined to multi-year lows, signaling heightened investor caution. Source: CoinMarketCap
Market analysts point out that Bitcoin's sharp correction from its peak has raised fears of a transition into a bear market, despite some long-term bullish forecasts. Veteran trader Peter Brandt predicts Bitcoin could reach $200,000 by the third quarter of 2029, emphasizing that the current market flush provides a strong foundation for future gains. Meanwhile, institutional investors are showing signs of short-term distress, with notable outflows from Bitcoin ETFs, though some experts argue this does not reflect a fundamental weakening of crypto demand.
Despite recent turbulence, industry insiders maintain a positive outlook, with many believing that current lows present a buying opportunity and that the broader blockchain ecosystem continues to evolve. Overall, while sentiment remains cautiously pessimistic, the outlook for cryptocurrency markets hinges on macroeconomic factors, regulatory developments, and technological innovations shaping the blockchain landscape.
Crypto Investing Risk Warning
Crypto assets are highly volatile. Your capital is at risk. Don't invest unless you're prepared to lose all the money you invest.
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