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43 sats \ 3 replies \ @freetx 22 Nov \ on: R. Kiyosaki announces dumping Bitcoin for these investments bitcoin
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 22 Nov
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 22 Nov
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 22 Nov
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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