Robert Kiyosaki, author of “Rich Dad Poor Dad,” sold $2.25 million worth of Bitcoin at approximately $90,000 per coin.
He originally purchased the Bitcoin (BTC) years ago at $6,000 per coin and has booked massive gains on the position.
Kiyosaki announced he’s reinvesting the proceeds into two surgery centers and a billboard business. He estimates the investments will generate approximately $27,500 per month in tax-free income by February 2026.
Kiyosaki still bullish on Bitcoin after sale
The “Rich Dad Poor Dad” author stated he remains “very bullish and optimistic on Bitcoin” and plans to begin acquiring more with his positive cash flow.
He described the move as part of his “get rich plan” that he’s followed for over 65 years since playing Monopoly with his “Rich Dad.”
“I am not saying my plan should be your plan. Warren Buffett would think my plan too slow and foolish,” Kiyosaki wrote on X.
Kiyosaki said he was advised against posting about the Bitcoin liquidation and real estate acquisition. “You may know why I was advised against being transparent. Too many sickos out there,” he wrote.
Author rejects Bitcoin ETFs, calls government money “fake”
On November 17, Kiyosaki posted about Warren Buffett’s criticism of Bitcoin. Buffett has called Bitcoin speculation rather than investing.
The author defended his crypto holdings by questioning traditional assets. “Doesn’t WB know that stocks crash, real estate crashes, and US govt Bonds the ‘safest’ investments in the world are at present being ‘dumped’ by the Japanese and Chinese Central Banks?” he wrote.
The author classified money into three categories: gold and silver as “God’s Money,” Bitcoin and Ethereum as “People’s Money,” and Federal Reserve, government, and Wall Street money as “Fake Money.”
He rejected Bitcoin ETFs as “fake Bitcoin” and Wall Street money. “I will never invest in gold, silver, or Bitcoin ETFs…. Fake gold, silver, and Bitcoin…. Wall Street or Buffett’s money,” he wrote.
Kiyosaki cited Bitcoin’s 21 million coin limit versus unlimited government money printing as his investment rationale.