Robert Kiyosaki, Renowned Financial Expert, Explains His Decision to Refrain from Investing in Bitcoin ETFs and Other ETFs

Renowned financial expert and author of the popular book “Rich Dad Poor Dad,” Robert Kiyosaki, has recently shared his views on Bitcoin exchange-traded funds (ETFs), sparking interest among investors. Despite his strong support for Bitcoin, Kiyosaki has chosen to avoid Bitcoin ETFs, emphasizing his preference for direct asset ownership and personalized financial strategies.

When asked if he would invest in the Bitcoin ETF, Kiyosaki responded with a firm “No.” He explained that, just like he owns physical gold and silver coins, mines, and apartment houses, he prefers to own assets directly rather than rely on Wall Street financial products such as ETFs. While he acknowledges that ETFs may be suitable for most people and institutions, as an entrepreneur, he prefers to maintain control over his investments.

Kiyosaki has already invested in gold, silver coins, mines, Bitcoin, and real estate properties. However, he has made it clear that he will not invest in Bitcoin ETFs or any ETFs tied to the assets he already owns. He believes that each individual should determine the best investment approach for themselves.

Although Kiyosaki remains optimistic about Bitcoin’s potential to reach $100,000 by June 2024, he approaches Bitcoin ETFs cautiously. This aligns with his overall philosophy of maintaining control over investments and avoiding reliance on intermediary financial instruments.

Interestingly, Kiyosaki agrees with Cathie Wood, the CEO of Ark Invest, who predicts that Bitcoin will eventually reach a value of $2.3 million. He respects Wood’s opinion and trusts her judgment, but he also acknowledges the risks involved in making such predictions.

Kiyosaki’s cautious stance towards Bitcoin ETFs reflects his broader investment philosophy of direct asset ownership and personalized financial strategies. As of now, the price of Bitcoin is $70,768, showing a slight decline over the past 24 hours. Trading volume has decreased by 21%, resting at $29.7 billion, while the market capitalization remains at $1.39 trillion.