"Rich Dad" Kiyosaki Sells His Bitcoin Amid Market Crash
Kiyosaki Sells days after he had insisted he “would not sell” as Bitcoin extended its November slump.
Robert Kiyosaki, author of Rich Dad Poor Dad and one of Bitcoin’s most vocal long-term advocates, disclosed that he sold a portion of his Bitcoin holdings during the latest market slide, redirecting the proceeds into traditional cash-flow businesses.
GFN – PHOENIX
Kiyosaki confirmed on Nov. 21 that he sold roughly $2.25 million worth of Bitcoin at about $90,000, a move first reported by The Street. He described the redeployment of capital into two surgery centers and a billboard business, which he expects will generate about $27,500 per month in tax-free income by February. According to the report, Kiyosaki told followers, “I am still very bullish and optimistic on Bitcoin and will begin acquiring more with my positive cash flow.”
The pivot comes only days after he had insisted he “would not sell” as Bitcoin extended its November slump. He had warned that global bubbles were “beginning to burst,” arguing volatility was being driven by what he called the “street of liquidity.” His latest comments frame the sale as consistent with the Rich Dad philosophy of converting asset gains into real-world, income-producing investments. As quoted by The Street, he added, “I am not saying my plan should be your plan… Warren has his plan… as does Donald Trump.”
The "Sell Gold, Buy Bitcoin" Discussion Grows, But Markets Do Not Yet Believe
Investment flows offer limited support for a rumor circulating in Washington that the United States could sell part of its gold reserves in order to buy bitcoin. Recent price action in the metals and crypto complex shows little sign that investors believe such a plan is imminent or credible.
Simon White, Bloomberg macro strategist (ZH link) notes that gold continues to weaken as the correction extends toward the four thousand dollar level. Additional selling pressure could appear if that threshold breaks. Retail positioning via ETFs reflects this dynamic. Outflows have risen, while bitcoin flows remain subdued.
Kiyosaki also stressed the importance of transparency, saying some advisers had warned him against publicly revealing the sale. He reiterated that his long-term view on Bitcoin remains intact, calling the reinvestment an example of using crypto profits to build diversified, tax-efficient streams of cash flow.
He closed with a caution on macro stability, stating, “Please take care. World economy is going on a wild ride.”