Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says

Editor's Pick

Robert Kiyosaki Says No to Spot Bitcoin ETF Investments

On April 12, Robert Kiyosaki, the renowned author of “Rich Dad, Poor Dad,” 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.

Robert Kiyosaki Claims Bitcoin ETFs Are For Institutions


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, he noted.

Meanwhile, the Bitcoin ETFs market is at an all-time high, with tokenization of real-world assets (RWAs) picking up pace.

CoinShares data showed that cryptocurrency investment products, including Bitcoin ETFs, have recorded positive inflows of late. Total inflows were $646 million on April 8, and the year-to-date (YTD) inflow was $13.8B, the highest volume ever recorded.

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

Robert Kiyosaki Endorses Cathie Woods BTC Price Prediction


The remarks of Robert Kiyosaki, who has always been bullish on Bitcoin, came on the heels of the bullish price prediction made by Cathie Woods, the founder of Ark Invest asset management firm, who has been optimistic about the prospect of spot Bitcoin ETFs encouraging institutions to invest in Bitcoin.

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

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

Do I believe her? Yes I do.

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

— Bitcoin News (@BitcoinNewsCom) April 11, 2024

While Wood’s prediction generated criticism for being unreasonable, Kiyosaki praised her and highlighted his trust in her opinion.

“Kathie Wood guarantees Bitcoin will hit $2.3 million per BTC. Do I believe her? Yes, I do. Kathie Wood is very smart. I trust her opinion,” he wrote. “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 Kathie is wrong? And most importantly, ‘How many Bitcoin do you own?’ If Kathie is right, I will wish I bought more.”

While Kiyosaki and Cathie Wood might disagree on ETFs, they both see immense potential in Bitcoin. Their optimism sparks discussions about the asset’s future trajectory and place in the investment space.

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

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...

    Latest News

    Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

    Stock

    Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

    Latest News

    President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

    Disclaimer: Oracleofomahasays.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Oracleofomahasays.com