Bitcoin has experienced its fourth consecutive weekly decline, marking its longest losing streak since June 2024, even as the cryptocurrency shows signs of recovery. After hitting a weekly low of $82,100 on November 21, Bitcoin rebounded to $87,400, reflecting a 6% rise from the recent bottom and a 1.8% gain in the past 24 hours, according to CoinGecko.
Despite the volatility, Robert Kiyosaki, the bestselling author of Rich Dad Poor Dad, reaffirmed his bullish stance on Bitcoin, even after selling $2.25 million worth of the cryptocurrency for around $90,000. He clarified on X (formerly Twitter) that the sale was strategic, not a retreat, as he purchased the coins years ago at $6,000 each. Kiyosaki explained the move aligns with his long-term approach: converting speculative gains into assets that generate recurring, tax-efficient income.
With the cash from Bitcoin, he plans to acquire two surgery centres and invest in a billboard business, projected to produce about $27,500 per month in tax-free cash flow by next February. These investments will supplement his extensive real estate holdings, which already generate hundreds of thousands monthly, reinforcing his financial stability while positioning him to reinvest in Bitcoin in the future.
