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R. Kiyosaki announces dumping Bitcoin for these investmentsfinbold.com/r-kiyosaki-announces-dumping-bitcoin-for-these-investments/?utm_source=flipboard&utm_content=topic%2Fcryptocurrency
52 sats \ 6 comments \ @DrBrader99 20h bitcoin
Author Robert Kiyosaki has revealed that he sold $2.25 million worth of Bitcoin (BTC) to invest in income-generating businesses, marking a surprising shift from his previous vow not to liquidate his cryptocurrency holdings. According to Kiyosaki, the Bitcoin he sold had originally been purchased at $6,000 per coin and was sold at approximately $90,000 per coin, he said in an X post on November 22.
He stated that he is now using the proceeds to acquire two surgery centers and invest in a billboard business, ventures expected to generate around $27,500 in monthly income by February next year, tax-free.
Combined with his existing cash-flow positive real estate and business holdings, these investments significantly strengthen his overall income position. Kiyosaki remains bullish on Bitcoin, stating that he plans to acquire more as his positive cash flow allows. He framed this move as part of his long-standing wealth-building strategy, converting assets into cash-flowing businesses, a real-world application of the principles behind his Cashflow board game.
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43 sats \ 3 replies \ @freetx 20h
He stated that he is now using the proceeds to acquire two surgery centers and invest in a billboard business, ventures expected to generate around $27,500 in monthly income by February next year, tax-free.
Thats about a 14% AAR on his $2.2M. Not insignificant and beats the market (I guess? Maybe not)....but the question is does it beat Bitcoins last 5 year 50% CAGR?
Something tells me he will regret that.
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10 sats \ 2 replies \ @DrBrader99 OP 19h
We could argue that he might feel he could have made more by holding. But he is now getting tax-free cash flow without giving up on Bitcoin.
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32 sats \ 1 reply \ @freetx 19h
tax-free cash flow
That part needs to be explained.
without giving up on Bitcoin.
As long as Bitcoin CAGR outpaces 14% he made the wrong move. He could've simply sold $30K of bitcoin each month if he needed cash, and at 10 years his net worth would've been higher.
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28 sats \ 0 replies \ @grayruby 19h
One would imagine because two are surgery centres there might be some kind of tax break for new healthcare businesses he is taking advantage of.
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21 sats \ 0 replies \ @DarthCoin 19h
this have nothing to do with bitcoin. Is just fiat scamming.
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0 sats \ 0 replies \ @standard_sats 18h
I guess rich people just use bitcoin that's it. In a sense of an asset. They have millions billions already, bitcoin gave them something on top and this is a good deal.
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