This is post 1 of a 3-part series, revisiting what appealed most to me about crypto circa 2021. Trying to un-jumble some thoughts circling around my head
Robert Kiyosaki of Rich Dad, Poor Dad fame, recently announced[^1] he sold his bitcoin for $2.25 million. He further clarified he had purchased it at $6k / coin.
There's so many confusing responses on X about this. Simply taking his claims at face value, quick napkin math and peeking at zoomed-out charts reveals: 25 btc for ~$150k initial outlay, a 15x over 5+ years. An early pandemic buy, never at a loss, basically a God-tier runner. He took a $500k MTM loss this month, and cut.
I haven't tracked what he said or claimed about bitcoin over the years (I think it's been a lot lol), or anything that anyone has proven publicly about his wallets. It doesn't affect my life at all. I had to get over my lazy inertia, just to pull up a chart and think about this.
Now, imagine a less famous guy making some claims on the internet. The most trans...
