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I Won’t Invest In Bitcoin ETFs OR Any ETFs Says Financial Guru Robert Kiyosaki, Here’s Why

Renowned financial guru and author of the bestselling book “Rich Dad Poor Dad,” Robert Kiyosaki, has sparked interest among investors with his recent take on Bitcoin exchange-traded funds (ETFs). Despite his complete support for Bitcoin, Kiyosaki says No to Bitcoin ETFs, when asked will you buy the Bitcoin ETF?

I Won’t Invest In Bitcoin ETFs

Robert Kiyosaki renowned for his pro-Bitcoin stance and frequent recommendation to invest in gold, silver and BTC on several occasions, recently took to X to share his thoughts on Bitcoin ETFs. Kiyosaki highlighted his preference for owning assets directly rather than relying on Wall Street financial products. 

He has already invested in gold, silver coins, mines, Bitcoin, and real estate properties but he clearly said that he won’t be investing bitcoin ETFs or any ETF tied to the assets he invested in.

But, Why No!!!

Explaining his perspective, Kiyosaki highlighted his entrepreneurial nature and preference for crafting his own financial strategies. He thinks it’s important for each person to figure out what’s best for them when it comes to investing.

While Kiyosaki remains optimistic about Bitcoin’s potential to reach $100k by june 2024, but he approaches Bitcoin ETFs with caution. This aligns with his overall philosophy of maintaining control over investments rather than relying on intermediary financial instruments.

Bitcoin To Hit $2.3Million

What’s interesting is that Kiyosaki agrees with Cathie Wood, who leads a company called Ark Invest. She thinks Bitcoin would become extremely valuable that it will reach $2.3 million one day.

Kiyosaki respects her opinion and sees the potential in her prediction, but he also knows there are risks involved in making such forecasts.

Kiyosaki’s cautious approach towards Bitcoin ETFs reflects his broader investment philosophy of direct asset ownership and personalized financial strategies.

Bitcoin Price Analysis

As of now, the price of Bitcoin stands at $70,768, showing a slight decline over the past 24 hours. However, there has been a notable decrease in trading volume, down by 21%, now resting at $29.7 billion, while its market capitalization remains at $1.39 trillion.

SOURCE

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