2024-04-13
Robert Kiyosaki investing expert and the acclaimed author of the finance management book "Rich Dad Poor Dad," recently took to the X social media platform (formerly known as Twitter) to share his thoughts on the widely-discussed Bitcoin ETFs.
In his post, Kiyosaki revealed the primary reason why he has no intention of purchasing any Bitcoin exchange-traded funds.
As he has stated previously, the investor prefers to invest in tangible assets such as physical gold, silver, and real estate.
These were the assets he started with in the 1990s when his influential book was first published.
Kiyosaki emphasized that he does not invest in Wall Street financial products based on real assets, including ETFs.
Rather, he personally owns gold and silver mines, coins, and real estate properties.
He believes that these funds are more suitable for the majority of individuals and institutions.
However, as an entrepreneur, Kiyosaki explained that he prefers to avoid Wall Street financial products and instead create his own investment packages.
He believes it is crucial for each individual to determine what is best for them.
In a recent tweet, Kiyosaki praised Cathie Wood, the renowned investor and CEO of Ark Invest, who is also involved in Bitcoin ETF issuance.
Kiyosaki mentioned Wood's prediction that Bitcoin could potentially reach a staggering price of $2.3 million in the future.
Although he acknowledged the possibility of her being wrong, Kiyosaki expressed his belief in Bitcoin's potential to reach that all-time high. However, he noted that most people tend to play it safe and may not have significant investments in Bitcoin.
Kiyosaki firmly believes that mistakes are valuable lessons for investors and that successful individuals are not afraid to learn from them.
He emphasizes the importance of learning from one's mistakes rather than fearing them, as it is through these experiences that growth and success are achieved.
