According to him, the shift is not an exit from Bitcoin, but a new step in a decades-long strategy. The new investments, he estimates, will generate “approximately $27,500 per month in income… tax-free” by next February. That, he says, is in addition to what he describes as years of existence cash flow positive companies, increasing his monthly buffer to “hundreds of thousands of dollars per month.”Kiyosaki sees this move as a play straight out of his own teachings: turning profits into long-lasting assets with tax and debt benefits. ‘Once you’ve read it Rich dad, poor dad and played my Cash Flow board game,” he wrote, “you’ll recognize my latest Bitcoin purchase of income-producing real estate, playing out tax and debt benefits in real life.”Even as he redeploys the gains, he insists he remains bullish on Bitcoin: “I am still very bullish and bullish on Bitcoin and will continue to acquire more with my positive cash flow.” He is a big supporter of Bitcoin and has also previously been criticized by market giants such as Warren Buffet.
In an earlier post last week, he said: “Warren Buffet is perhaps the smartest and perhaps richest investor in the world. He is destroying Bitcoin by saying it is not an investment… it is speculation… i.e. gambling. He says one blow will wipe out the Bitcoiners. And from his worldly view, he may be right. Yet WB is selling stocks, bonds and other Wall Street manufactured “assets”. Doesn’t WB know that stocks are crashing, real estate is crashing and that US Treasury bonds are crashing ‘safest’ investments in the world are currently being ‘dumped’ by the Japanese and Chinese central banks.’ True to form, Kiyosaki also uses the post to urge followers about their own approaches to wealth. He contrasts his path with two names. “I’m not saying my plan has to be your plan. Warren Buffet would find my plan too slow and foolish. Warren has his plan… just like Donald Trump.”
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