'Rich Dad' Who Said "Bitcoin Will Go Higher" Sells His Own Holdings

Bestselling Author Robert Kiyosaki
Sells About $2.25 Million Worth of Bitcoin
"Plans to Acquire Surgical Centers and Billboard Business"

Robert Kiyosaki, best known as the bestselling author of the book "Rich Dad Poor Dad," has announced that he sold his holdings of Bitcoin.

'Rich Dad' Kiyosaki Sells $2.25 Million Worth of Bitcoin...Plans to Acquire New Businesses

Bestselling author of the book "Rich Dad Poor Dad," Robert Kiyosaki. Yahoo Finance

On the 22nd, Kiyosaki shared on his social networking service (SNS) account that he sold approximately $2.25 million (about 3 billion KRW) worth of Bitcoin. He added that his purchase price was around $6,000 (about 8.83 million KRW) per Bitcoin, and his selling price was about $90,000 (about 132 million KRW) per Bitcoin. Kiyosaki stated that he plans to use the proceeds from the Bitcoin sale to acquire two surgical centers and a billboard business, emphasizing that this is "a strategy for becoming wealthy that I have practiced for a long time."

"Bitcoin Will Reach 1.5 Billion...Will Buy More"-A Move Contrary to His Longstanding Claims

However, this decision contradicts Kiyosaki's recent bullish stance on Bitcoin. On the 15th, Kiyosaki wrote on SNS regarding the sharp drop in Bitcoin prices, "Bitcoin is falling, but I am not selling and will wait," adding, "The reason all markets are shaking is that the world is facing a cash shortage. I do not need cash." Kiyosaki also stated, "A massive issuance of currency will begin, and in this process, the value of real assets and cryptocurrencies such as gold, silver, and Bitcoin will rise," asserting, "Once this crash ends, I will buy more Bitcoin."

Previously, in April, he also claimed that the price of Bitcoin would reach $1 million (about 1.47 billion KRW) in the long term, saying, "Short-term corrections are inevitable, but I plan to buy more during downturns." He argued, "Bitcoin is a truly scarce asset, and you should buy before the supply decreases." He also projected that the price of Bitcoin would rise to $250,000 (about 368 million KRW) by 2026.

Experts: "Kiyosaki's Forecasts Should Be Understood in the Context of a 'Macroeconomic Narrative'"

Experts commented on Kiyosaki's statements, pointing out, "Since Kiyosaki's price forecasts have often been exaggerated in the past, his remarks should be taken with caution." The Economic Times noted that Kiyosaki's comments can sometimes fuel fear and increase market volatility. Industry insiders also stated, "Kiyosaki's forecasts should be used only as a reference for market trends, and it is risky to treat them as direct investment advice," adding that his remarks should be understood as part of a 'macroeconomic narrative' interpreting global economic trends, rather than as individual investment recommendations.

Meanwhile, Bitcoin has experienced increased volatility this week, dropping by more than 10% and falling to the low $80,000 range (about 117.76 million KRW). As of the 22nd, the price stood at approximately $86,065 (about 126.68 million KRW), and at one point during the day, it recovered to $87,600 (about 128.94 million KRW).