Robert Kiyosaki, a well-known financial expert and author of the influential book “Rich Dad Poor Dad,” now uses X social media (previously Twitter). He recently shared his views on Bitcoin ETFs with his followers on this platform.
Kiyosaki explained why he didn’t consider purchasing cryptocurrencies like Bitcoin. Previously, he had voiced his preference for other types of investments: gold and silver as protective assets, and real estate, which he had focused on since the 1990s when his influential book was first released.
No to Bitcoin ETFs, here’s why
Robert Kiyosaki expressed on Twitter that he has no intentions of purchasing Bitcoin ETFs. Instead, the finance guru chooses to invest in tangible assets, such as gold and silver mines and physical coins, rather than financial products derived from them on Wall Street. He emphasized this point to his 2.1 million followers.
He owns apartment buildings personally when it comes to real estate investments, but he chooses not to put his money into real estate ETFs. He mentioned that these funds are generally more suitable for the average person and large 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
According to Kiyosaki, as an entrepreneur, he chooses not to engage with Wall Street financial offerings but rather create his own. The author of “Rich Dad Poor Dad” emphasizes the significance of considering what is most beneficial for you personally.
Bitcoin will reach $2.3 million, Kiyosaki believes
This week, Kiyosaki expressed admiration for Cathie Wood, the celebrated investor and Ark Invest CEO, in a tweet. Notably, she highlighted Wood’s latest prediction that Bitcoin could potentially reach an astounding $2.3 million price point in the future.
In his tweet, he acknowledged the possibility of error on her part regarding Bitcoin’s potential all-time high. However, Kiyosaki himself holds this belief and has written about it. Nevertheless, Robert expressed doubt that many people would actually own Bitcoin due to their risk aversion. Believing in the educational value of mistakes, Kiyosaki encourages learning from errors rather than shying away from making them.
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2024-04-12 09:42