Robert Kiyosaki Says No to Spot Bitcoin ETF Investments
On April 12, Robert Kiyosaki, the renowned author of the “Rich Dad, Poor Dad” book, expressed his lack of interest in investing in spot Bitcoin exchange-traded funds (ETFs) and any other “Wall Street financial products.”
The New York Times best-selling author, who has been a stoic supporter of Bitcoin over the years, noted that he favors direct ownership of physical assets due to his entrepreneurship pathway.
In an X post, Robert Kiyosaki shared his opinion that spot Bitcoin ETFs and other asset-backed “ETFs are best for most people and institutions.”
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, Bitcoin, and real estate, which he said are bargains today, Kiyosaki is sticking to his guns. He believes in making his own financial moves that align with his entrepreneurial spirit.
However, the renowned author reiterated that investors should always choose what is best for them, noting that his stance against Bitcoin ETFs works best for him. If he makes a mistake, he has no one else to blame but himself. Kiyosaki might not be interested in Bitcoin ETFs, but that hasn’t stopped institutions from loving these products.
Meanwhile, the Bitcoin ETFs market is at an all-time high, with tokenization of real-world assets picking up pace.
CoinShares data showed that cryptocurrency investment products, including Bitcoin ETFs, recorded positive sentiments. Total inflows were $646 million on April 8, and the
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