Robert Kiyosaki Opposes Spot Bitcoin ETF Investments

On April 12, Robert Kiyosaki, the well-known author of “Rich Dad, Poor Dad,” conveyed his disinterest in investing in spot Bitcoin exchange-traded funds (ETFs) as well as other “Wall Street financial products.”

The New York Times best-selling author, who has consistently supported Bitcoin throughout the years, emphasized his preference for direct ownership of tangible assets stemming from his entrepreneurial journey.

Robert Kiyosaki Asserts Bitcoin ETFs Are Intended for Institutions

In a post on X, Robert Kiyosaki expressed his view that spot Bitcoin ETFs and other asset-backed ETFs are more suitable for the majority of individuals and institutions.

Q: Will you purchase the Bitcoin ETF?
A: No. Just as I possess gold and silver coins, mines, and apartment buildings, I do not own gold or silver ETFs or REITs, nor 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 variety of assets such as gold, silver, Bitcoin, and real estate, which he considers to be bargains at present, Kiyosaki remains steadfast in his beliefs. He advocates for making his own financial decisions that resonate with his entrepreneurial mindset.

Nonetheless, the prominent author reiterated that investors should always select what is most beneficial for them, indicating that his opposition to Bitcoin ETFs aligns with his personal strategy. If he errs, he acknowledged that he has no one to hold accountable but himself.

Meanwhile, the Bitcoin ETFs market is experiencing unprecedented growth, with the tokenization of real-world assets (RWAs) gaining momentum.

Data from CoinShares indicated that cryptocurrency investment products, including Bitcoin ETFs, have seen positive inflows recently. Total inflows reached $646 million on April 8, with a year-to-date (YTD) inflow of $13.8 billion, marking the highest volume ever recorded.

Howard Lutnick, the CEO of Cantor Fitzgerald, forecasted a shift towards the tokenization of RWAs, such as bonds issued on blockchains, during a Chainalysis Links Conference held in New York.

Robert Kiyosaki Supports Cathie Wood’s BTC Price Forecast

The comments from Robert Kiyosaki, who has consistently been optimistic about Bitcoin, followed the bullish price prediction made by Cathie Wood, the founder of Ark Invest asset management firm, who has expressed confidence that spot Bitcoin ETFs will encourage institutional investment in Bitcoin.

During the Bitcoin Investor Day conference in New York on March 22, Wood asserted that the BTC price could rise to $2.3 million per token.

NEW: “Cathie Wood guarantees #Bitcoin will hit $2.3M per #BTC.

Do I believe her? Yes, I do.

Cathie Wood is very intelligent. I trust her opinion,” says Robert Kiyosaki. pic.twitter.com/GpHokUfd6N

— Bitcoin News (@BitcoinNewsCom) April 11, 2024

While Wood’s forecast faced criticism for being overly ambitious, Kiyosaki commended her and underscored his confidence in her perspective.

“Cathie Wood guarantees Bitcoin will reach $2.3 million per BTC. Do I believe her? Yes, I do. Cathie Wood is very intelligent. I trust her opinion,” he stated. “Could she be mistaken? Yes, she could be. So what? The more crucial question is ‘What do you believe?’ What if Cathie is correct? What if Cathie is incorrect? And most importantly, ‘How many Bitcoin do you possess?’ If Cathie is right, I will wish I had acquired more.”

While Kiyosaki and Cathie Wood may have differing views on ETFs, both recognize the significant potential of Bitcoin. Their optimism fuels discussions regarding the asset’s future direction and its role in the investment landscape.

The post Robert Kiyosaki Says No to Spot Bitcoin ETF Investments appeared first on Cryptonews.