Robert Kiyosaki cited reasons for not investing in Bitcoin via ETF.

Robert Kiyosaki cited reasons for not investing in Bitcoin via ETF.

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Author: Robert Strickland (crypto-journalist)
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Robert Kiyosaki cited reasons for not investing in Bitcoin via ETF.

Author and investor Robert Kiyosaki explained why he rejected Bitcoin ETF.



The author of the bestseller "Rich Dad Poor Dad" stated that he prefers to steer clear of Wall Street financial products.
Bestselling author "Rich Dad Poor Dad" Robert Kiyosaki said he has no plans to buy shares of Bitcoin ETFs, despite their growing popularity.
Less than three months after approval by the U.S. Securities and Exchange Commission (SEC), the total trading volume of Bitcoin ETF shares exceeded $200 billion. As of April 12, total inflows into all exchange-traded funds amount to $12.5 billion.
"I own gold and silver coins, mines, and real estate, and I don't buy shares of ETFs on these assets. I believe that direct ownership of the asset gives me greater control and understanding of its value," Kiyosaki wrote on the X social network.
He also emphasized that he sees ETFs as a financial product suitable for "most people and organizations," but he himself prefers to stay as far away as possible from Wall Street financial products, noting that this requires deeper knowledge from him.
"My approach requires me to be smarter than most ETF investors," Kiyosaki emphasized. "If I'm wrong, I can only blame myself."
Earlier, Kiyosaki claimed that with the launch of Bitcoin spot ETFs, money from pension funds is flowing into the market. In an interview with Kitco News in February, Kiyosaki said he holds 66 bitcoins and that they will be worth "a fortune" when pension funds start investing in Bitcoin through ETFs. In February of last year, he predicted Bitcoin's price to rise to $500,000 by 2025.
Over the past few years, Kiyosaki has repeatedly warned of the risk of financial markets crashing and stated that precious metals and Bitcoin are the only assets in which one can preserve wealth.

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