Bitcoin News Today: Kiyosaki Sells Bitcoin Stake for Tax-Free Income, Undeterred by Market Downturn

Robert Kiyosaki, the author of Rich Dad, Poor Dad and a prominent Bitcoin advocate, has sold $2.25 million worth of Bitcoin, a move that has sparked both curiosity and debate in the cryptocurrency community. The sale, disclosed on November 21, involved approximately 25 BTC, which Kiyosaki acquired years ago at an average price of $6,000 per coin and sold at around $90,000. The proceeds will be reinvested into two surgery centers and a billboard business, with Kiyosaki estimating these ventures will generate $27,500 in tax-free monthly income by February 2026. Despite the liquidation, he remains bullish on Bitcoin, stating he plans to reinvest his newfound cash flow into further BTC accumulation.

Kiyosaki's price target of $250,000 for Bitcoin by 2026 contrasts with the current market turmoil. Bitcoin has fallen over 33% from its October peak above $126,000, trading near $84,000 as of November 24. The downturn has triggered record outflows from Bitcoin ETFs, with investors pulling $3.5 billion in November-the worst monthly performance since the 2022 crypto crash according to Bloomberg. BlackRock's iShares Bitcoin Trust (IBIT) alone accounted for $2.2 billion in redemptions, signaling short-term distress but not a structural shift in institutional demand, according to analysts at Bitfinex.

The market's pessimism is reflected in the Crypto Fear & Greed Index, which hit a multi-year low of 11 on November 21, indicating "extreme fear". Meanwhile, veteran trader Peter Brandt predicts Bitcoin will reach $200,000 by Q3 2029, viewing the current selloff as a necessary correction. His forecast diverges from more aggressive targets from figures like Coinbase CEO Brian Armstrong and ARK Invest's Cathie Wood, who anticipate $1 million BTC by 2030.

Kiyosaki's strategic shift highlights a broader trend of investors seeking recurring income amid crypto volatility. While many traders have reduced exposure, he is converting long-term gains into cash-flowing assets, framing the move as complementary to his Bitcoin ambitions. His actions contrast with broader market panic, as ETF outflows and macroeconomic uncertainties-such as delayed Federal Reserve rate cuts-continue to pressure prices according to Bloomberg.

The Bitcoin market's near-term outlook remains uncertain, with analysts emphasizing that ETF outflows reflect tactical rebalancing rather than a loss of institutional confidence. However, the path to Kiyosaki's $250,000 target-or even Brandt's $200,000 projection-appears years away, underscoring the asset's long-term speculative nature.