Rich Dad Poor Dad Author Rober Kiyosaki Refuses Investment in Bitcoin ETFs; Here’s Why

The post Rich Dad Poor Dad Author Rober Kiyosaki Refuses Investment in Bitcoin ETFs; Here’s Why appeared first on Coinpedia Fintech News

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, he’s firmly saying “No” to Bitcoin ETFs.

But why the opposition? Let’s dive in to understand.

Kiyosaki’s Controversial Stand

Robert Kiyosaki, known for his love of Bitcoin and frequent endorsements of gold, silver, and BTC investments, recently spoke out against Bitcoin ETFs. In a chat with X, he stressed his preference for owning assets directly, steering clear of Wall Street’s financial products.

Q: Will you buy the Bitcoin ETF?
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…

— Robert Kiyosaki (@theRealKiyosaki) April 12, 2024

Having invested in a mix of assets like gold, silver coins, mines, Bitcoin, and real estate, Kiyosaki is sticking to his guns, opting out of Bitcoin ETFs. He believes in making his own financial moves, aligning with his entrepreneurial spirit.

Read More: Bitcoin ETF Boom Could Face Legal Trouble! Peter Schiff Predicts Investor Lawsuits

Promoting Individual Empowerment

Kiyosaki urges people to take control of their finances and choose what’s right for them. He emphasizes personal autonomy in investment decisions, reflecting his belief in individual empowerment.

Despite his bullish outlook on Bitcoin’s potential to hit $100k by June 2024, Kiyosaki approaches Bitcoin ETFs cautiously. This mirrors his broader philosophy of preferring direct control over investments, avoiding reliance on middlemen.

Bitcoin Price Predictions

Interestingly, Kiyosaki finds common ground with Cathie Wood, CEO of Ark Invest, who predicts Bitcoin could soar to $2.3 million. While he respects Wood’s views, he’s wary of the risks inherent in such predictions.

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

Kiyosaki’s cautious stance on Bitcoin ETFs echoes his broader investment philosophy of favoring direct asset ownership and personalized financial strategies tailored to individual needs.

Current Market Snapshot

As of now, Bitcoin is valued at $70,768, with a slight dip over 24 hours. Trading volume has decreased by 21% to $29.7 billion, but its market capitalization remains steady at $1.39 trillion.

Kiyosaki’s firm stance against Bitcoin ETFs underscores his commitment to financial independence and personalized investment strategies. While he remains optimistic about Bitcoin’s future, he stresses the importance of careful consideration and individual empowerment when considering various tools.

This Might Interest You: Will BTC Price Hit $100,000 This Month? Experts Bullish on Upcoming Bitcoin Halving