Rich Dad Poor Dad author Robert Kiyosaki revealed that he has sold $2.25 million in Bitcoin for roughly $90,000, saying he is simply “practising what he teaches”. He explained that he had purchased the cryptocurrency years ago when Bitcoin was priced around $6,000. Kiyosaki’s disclosure comes shortly after Bitcoin whale Owen Gunden reportedly liquidated nearly his entire BTC holdings valued at about $1.3 billion.
‘Practising what I teach’
“I sold $2.25 million in Bitcoin for approximately $90,000. I purchased Bitcoin for $6,000 a coin years ago,” he said in a post on X (formerly Twitter).
In the next few lines, he revealed what he would do with the money that he received after selling coins.
He added, “With the cash from Bitcoin, I am purchasing two surgery centres and investing in a billboard business. I estimate my $2.25 million Bitcoin investment into the surgery centres and Billboard business will be positive, cash flowing approximately $27,500 a month by next February….Tax-free.”
Kiyosaki also mentioned that he already has other real-estate businesses that produce steady positive cash flow. “Adding $27,500 a month income to my years of previous Cashflow positive real estate based business makes my cash flow cushion a bit fluffier, into $100’s of thousands per month,” he went on to say.
The 78-year-old further added that although he has sold a big chunk of cryptocurrency he owned, he still believes strongly in Bitcoin’s long-term potential and plans to buy more Bitcoin using the cash flow from his businesses. “This has been my ‘get rich plan’ since I began playing Monopoly with my Rich Dad for over 65 years. I am not saying my plan should be your plan.”
He also said that the Oracle of Omaha would think that his plan is “too slow and foolish”, before adding, “Warren has his plan …. As does Donald Trump have his plan.”
‘What is your get-rich plan?’
He asked people about their plans to get rich and added that if people had read his bestselling book, Rich Dad Poor Dad, and played his Cash Flow board game. He sold Bitcoin and used that money to buy income-producing real estate, which also comes with tax benefits and allows the use of debt in a strategic way. This is exactly what he teaches in his book – use assets to generate cash flow and reinvest it into more assets.
“You will recognise my latest Bitcoin acquisition of income-generating real estate with tax and debt advantages…. Being played out in real life. I was advised against posting my Bitcoin liquidation and acquisition of real estate.”
Towards the end of his post, he reiterated, “What is your get rich plan?” and added, “…in a world of ‘Fake $’ and ‘Fake Teachers’ I thought it best you know I practice what I TEACH’.”
“World economy is going on a wild ride,” he predicted.
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