- Robert Kiyosaki dismisses Bitcoin ETFs, emphasizing direct asset ownership over Wall Street products.
- Kiyosaki’s stance contrasts with his bullish outlook on Bitcoin, as he supports Cathie Wood’s $2.3 million prediction.
- The author encourages bold investment approaches, urging individuals to take ownership of their financial decisions.
Robert Kiyosaki, a prominent financial author and Bitcoin supporter, has sparked discussion by expressing his reservations about Bitcoin ETFs. In a recent post on the X platform, Kiyosaki stated his preference for directly owning Bitcoin, aligning with his investment strategy in gold, silver, and real estate.
Kiyosaki’s decision aligns with his entrepreneurial spirit, as he distances himself from traditional financial instruments. He believes that packaging his own financial products requires a higher level of intelligence than simply investing in ETFs asserting that accountability lies solely with him for any potential mistakes.
This revelation comes amidst Kiyosaki’s optimistic outlook on Bitcoin’s future value. Despite his bullish predictions for the cryptocurrency market, including Bitcoin reaching $150,000, Kiyosaki remains steadfast in his commitment to tangible assets. His skepticism towards Bitcoin ETFs underscores his belief in self-reliance and direct control over investment portfolios.
Interestingly, Kiyosaki’s views echo those of Ark Invest CEO Cathie Wood, who recently forecasted Bitcoin’s price soaring to $2.3 million. While Kiyosaki acknowledges the possibility of Wood’s prediction being incorrect, he admires her courage in making bold projections. He encourages investors to embrace risk and learn from their mistakes, rather than fearing failure.
In a world where conventional wisdom often dictates cautious investment strategies, Kiyosaki advocates for a more daring approach. He encourages individuals to take ownership of their financial decisions and seize opportunities, regardless of prevailing market sentiments.
For investors seeking a less involved approach to gaining exposure to Bitcoin, Bitcoin ETFs offer a potential alternative. These exchange-traded funds hold Bitcoin directly, allowing investors to buy shares on a stock exchange similar to traditional stocks.
Speaking of ETFs, Australian asset manager, Monochrome Asset Management, is on the cusp of introducing the country’s first-ever spot Bitcoin ETF. While awaiting a decision from the global listing exchange Cboe Australia, the ETF has already secured approval from the Australian Securities and Exchange (ASX), and the ETF is slated to debut on Cboe Australia, a global listing exchange, within the next two months.
