BizwavemediaPersonal Finance and Crypto Updates

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“Rich Dad Poor Dad” author Robert Kiyosaki cashed out over $2 million in Bitcoin to put money into surgery centers and a billboard business.

In a recent statement on X, Kiyosaki said he sold approximately 25 Bitcoin at $90,000 each, which he originally purchased at $6,000 per coin years ago. The entrepreneur plans to use the proceeds to acquire two surgery centers and invest in a billboard business.

“With the cash from Bitcoin I am purchasing two surgery centers and investing in a Bill Board business,” Kiyosaki wrote. “I estimate my $2.25 million Bitcoin investment into the surgery centers and Bill Board business will be positive cash flowing approximately $27,500 a month income by next February….tax free.”

He said the additional monthly income will add to his existing real estate-based cash flow, bringing his total to hundreds of thousands of dollars per month.

Despite the sale, Kiyosaki remains optimistic about Bitcoin and plans to acquire more using the proceeds of his new investments.

Kiyosaki said earlier this month he actively invested in Bitcoin, Ethereum, gold, and silver, projecting significant price targets such as $250,000 for Bitcoin and $27,000 for gold by 2026, in anticipation of an economic downturn.

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Bitcoin traders are facing heightened liquidation risk, with nearly $2 billion in leveraged long positions vulnerable to forced selling if the cryptocurrency’s price falls to $80,000.

The substantial exposure highlights the concentrated risk in Bitcoin’s derivatives markets, where traders using borrowed funds to amplify their bets face automatic position closures when prices move against them.

Bitcoin traded around $84,550 at press time, showing a mild bounce following its flash drop to $82,000 on Friday.

Bitcoin has experienced sharp price declines recently, driven by flight from risk assets amid economic uncertainties. Leveraged long positions in Bitcoin have faced major liquidation events in recent weeks, exacerbating downward price pressure.

The heightened volatility has amplified liquidation risks for leveraged positions across exchanges, creating potential cascading effects as forced selling can trigger additional price drops and further liquidations.

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Polymarket, a leading prediction market platform, shows 71% odds of Bitcoin falling to $80,000 by November, reflecting current trader sentiment on the decentralized betting platform.

The platform hosts active markets for predicting Bitcoin price ranges in November, allowing users to bet on various outcome zones using blockchain technology. Traders on Polymarket have been adjusting odds based on ongoing market conditions and corrections.

Bitcoin’s price dropped below $82,000 on Friday morning, triggering almost $2 billion in leveraged liquidations in the crypto market over the past 24 hours. The decline came after a peak price of approximately $126,199 this year.

The decrease in value was influenced by substantial ETF outflows and a prevailing risk-off sentiment, primarily affecting long positions.

Today, CoinMarketCap’s Crypto Fear and Greed Index fell to 11, its lowest reading on record and the deepest extreme-fear level the indicator has ever captured.

The index, a market sentiment tool from CoinMarketCap that evaluates factors such as volatility, trading activity, and momentum, assesses investor emotions ranging from fear to greed in crypto markets.

Recent market discussions suggest current fear levels mirror those seen at historical market bottoms, with analysts noting potential capitulation among investors. Based on historical patterns, extreme fear readings have previously coincided with buying opportunities as markets reached turning points.

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Amazon CEO Andrew Jassy today filed to sell 19,872 shares of the company’s stock.

Amazon executives frequently execute share sales as part of preplanned trading arrangements scheduled in advance. Share sales by Amazon’s CEO are often tied to tax-related events and do not necessarily indicate broader market concerns.

Jassy has been involved in similar share transactions, selling portions of his holdings through prearranged trading plans and acquiring shares via options exercises. Recent Amazon executive share activities include both sales and acquisitions through options, reflecting routine financial management.

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A prominent Hyperliquid trader has seen profits fall to $38.4 million today, down from nearly $100 million ten days ago, as long positions in Ethereum and XRP came under pressure during the recent market downturn, according to a post on X from on-chain tracker Lookonchain.

The decline coincides with a pullback in major digital assets. Ethereum has dropped from $3,400 to about $2,800 during the same period. The trader opened a long position at $3,200, leaving the trade significantly underwater.

XRP has followed a similar trajectory, falling from $2.5 to just under $1.96 at press time. The trader entered the XRP long at $2.3, adding further losses as both assets registered declines of more than 18% across ten days.

The rapid drop erased more than $61 million in profit and highlights the risks of oversized directional positions on Hyperliquid. The trader remains up overall but is now far from earlier highs as the market continues to unwind recent gains.

Today BlackRock, a leading global asset management firm, deposited $348 million in Bitcoin and $117 million in Ethereum into Coinbase Prime, an institutional crypto custody and trading platform.

The transfers are part of BlackRock’s ongoing portfolio management activities for its spot Bitcoin and Ethereum ETFs. The asset manager has been actively moving crypto holdings to Coinbase Prime amid recent ETF outflows.

The iShares Bitcoin Trust (IBIT) from BlackRock saw over $355 million exit the fund on November 20, according to Farside Investors. Weekly outflows now total around $964 million, driven by Tuesday’s record $523 million withdrawal.

Coinbase Prime provides secure custody, trading, and financing services for institutional clients managing digital assets. The platform has been receiving substantial deposits from major firms as traditional finance continues integrating crypto into investment strategies.