Investment Shift and Future Outlook
Investor and author Robert Kiyosaki announced on Friday that he has sold his $2.25 million worth of Bitcoin (BTC). He plans to reinvest these funds into his existing businesses to generate additional cash flow. Kiyosaki stated that he originally acquired the Bitcoin years ago when it was trading at approximately $6,000 and sold it when the price reached around $90,000.
The profits from this Bitcoin investment are designated for two surgery centers and a billboard business that Kiyosaki owns. He anticipates that these ventures will generate an estimated $27,500 in tax-free monthly income by February 2026. Despite selling his Bitcoin holdings, Kiyosaki expressed that he remains very bullish and optimistic about Bitcoin. He intends to begin acquiring more BTC using the positive cash flow generated from his businesses.
This announcement comes at a time when Bitcoin is experiencing a significant drawdown in the current market cycle. The cryptocurrency fell below $85,000 on Friday, briefly touching $80,537 before rebounding to approximately $84,000 at the time of this writing.
Kiyosaki had previously forecasted a Bitcoin price target of $250,000 by 2026 and a gold price target of $27,000 per ounce.
Investor Sentiment and Market Conditions
The recent market movements have caused despair among some investors, with certain analysts suggesting that the current downturn may signal the beginning of a new bear market. The Crypto Fear & Greed Index, a metric that gauges investor sentiment, dropped to a multi-year low of 11 on Friday, indicating "extreme fear."
Bitcoin has seen a decline of over 33% from its all-time high above $126,000, which was reached in October, shortly before a significant market crash on October 10. This crash triggered the most severe single-day liquidation event in cryptocurrency history.
Veteran trader Peter Brandt commented on Thursday that he believes Bitcoin will reach $200,000 in the third quarter of 2029. He also noted that the current market correction is positive for BTC, and he remains long-term bullish on the cryptocurrency.
Analysts at the crypto exchange Bitfinex stated on Friday that record outflows from Bitcoin exchange-traded funds (ETFs) and the ongoing downturn are indicative of short-term distress. They clarified that these trends do not necessarily signal weakening institutional demand for BTC or deteriorating fundamental conditions of the asset.