Robert Kiyosaki steers clear from ETFs, opts for holding Bitcoin directly instead
- Rich Dad Poor Dad author Robert Kiyosaki says he will not buy Bitcoin ETFs.
- Kiyosaki stated his dislike for Wall Street’s financial products and preferred packaging his own.
- The author is popular for his pro-Bitcoin stance and has recommended his followers buy gold, silver and BTC on several occasions.
Robert Kiyosaki, author of Rich Dad Poor Dad, is popular for his investment advice and pro-Bitcoin stance on social media platform X. Early on Friday, Kiyosaki shared his thoughts on Bitcoin ETFs and advocated holding the asset directly, instead of a “Wall Street” version.
Rich Dad Poor Dad author holds Bitcoin, but not BTC ETFs
Robert Kiyosaki recently answered the question, “Will you buy a Bitcoin ETF,” in a tweet on X. While the author is a known Bitcoin proponent and advocate, he explained Exchange Traded Funds (ETFs) are better for most people and institutions. As an entrepreneur, he stays away from Wall Street’s financial products and prefers packaging his own.
Q: Will you buy the Bitcoin ETF?
— Robert Kiyosaki (@theRealKiyosaki) April 12, 2024
A: No. Just as I own gold and silver coin and mines and own apartment houses I do not own gold or silver ETFs or REITS, real estate ETFS. ETFs are best for most people and institutions. Personally I am an entrepreneur and prefer to stay as far…
Owning Bitcoin directly requires one to be smarter than most ETF buyers, according to Kiyosaki, this is the best option for him. The entrepreneur continues to promote Gold, Silver and Bitcoin, to users.
The EVERYTHING BUBBLE, stocks, bonds, real estate SET to CRASH. US debt increasing by $1 trillion every 90 days. US BANKRUPT. Save your self. Please buy more real gold, silver, Bitcoin.
— Robert Kiyosaki (@theRealKiyosaki) April 7, 2024
ARK Investment Management’s Cathie Wood recently predicted that Bitcoin price could hit $2.3 million with “optimal allocation.” Kiyosaki backed Cathie’s claim and said “if she is right, I will wish I had bought more.”
The Bitcoin proponent recognizes that Wood’s prediction could be wrong. Regardless of whether Wood’s prediction is correct, Kiyosaki expressed support for making mistakes and learning from them, when investing and buying Bitcoin.
Kathie Wood quarantees Bitcoin will hit $2.3 million per BTC. Do I believe her? Yes I do. Kathie Wood is very smart. I trust her opinion. Could she be wrong? Yes. She could be. So what? The more important question is “ What do you believe?” What if Kathie is right? What if…
— Robert Kiyosaki (@theRealKiyosaki) April 11, 2024
Author
Ekta Mourya
FXStreet
Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.
