The popular author also praised silver.
Robert Kiyosaki, who may be best known for his series of books "Rich Dad Poor Dad", has long been an advocate for cash flow and tangible assets like gold, Bitcoin, and silver, while criticizing the dollar and the stock market.
However, there has been a certain change in his behavior towards the largest cryptocurrencies.
Is Kiyosaki really selling?
It is noted that just a week ago, the investor stated that he does not intend to dispose of his Bitcoin holdings. On the contrary, he confirmed that he will buy more once the Bitcoin price stabilizes after its last correction.
About five or six days later, he posted another message on X, stating that he "sold $2.25 million worth of Bitcoin" at prices of around $90,000 each after buying the stock for about $6,000 per BTC years ago.
Kiyosaki clarified that he will use the proceeds from the sale of Bitcoin to purchase two surgical centers and invest in a billboard project. His estimates suggest that his positive cash flow will reach around $27,500 per month by next February and is expected to be tax-exempt.
The author added that this strategy proves he practices what he teaches, meaning people should strive to buy tangible assets and increase their cash flows through them.
Are you no longer optimistic about Bitcoin?
Although his sale of Bitcoin now, during the cryptocurrency crash from over $110,000 to just above $80,000 in just two weeks, contrasts with what he has been advocating for years, Kiyosaki clarified that he is still "very optimistic about Bitcoin". Furthermore, he will begin to recover more cash liquidity from the mentioned investments.
