Robert Kiyosaki's Doubts Regarding Bitcoin ETFs

Robert Kiyosaki has expressed doubts regarding Bitcoin ETFs: Why he chooses direct investments

Apr 12, 2024 - 04:04
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Robert Kiyosaki's Doubts Regarding Bitcoin ETFs

Author of the bestseller "Rich Dad Poor Dad," Robert Kiyosaki, took to Twitter to voice his doubts regarding Bitcoin ETFs. Responding to a query about interest in these financial products, Kiyosaki firmly stated: "No. Just as I own gold and silver coins and mines and apartments, I do not own gold or silver ETFs or REITs, which are real estate-related ETFs."

His stance reflects his investment preferences, which focus on directly owning assets rather than financial instruments offered by Wall Street. Kiyosaki explained that he prefers control over his investments and avoids reliance on financial products that, in his view, require more knowledge than most investors possess.

For Kiyosaki, it is important to be "smarter than the majority buying ETFs," emphasizing his approach to investing. Even if he makes a mistake, he does not want to blame anyone other than himself.

This stance is particularly interesting in the context of growing interest in the cryptocurrency market, especially Bitcoin. Earlier, Kiyosaki predicted that the value of Bitcoin could rise to as much as $150,000. It is also worth noting that he recently disclosed purchasing an additional 5 Bitcoins worth over $230,000 at a time when spot Bitcoin ETFs were approved.

Interestingly, Kiyosaki agrees with the predictions of Ark Invest CEO Cathie Wood regarding Bitcoin's value reaching $2.3 million, demonstrating his readiness to adopt bold investment strategies and recognize intelligent opinions from industry experts.