|

Robert Kiyosaki steers clear from ETFs, opts for holding Bitcoin directly instead

  • Rich Dad Poor Dad author Robert Kiyosaki says he will not buy Bitcoin ETFs. 
  • Kiyosaki stated his dislike for Wall Street’s financial products and preferred packaging his own. 
  • The author is popular for his pro-Bitcoin stance and has recommended his followers buy gold, silver and BTC on several occasions. 

Robert Kiyosaki, author of Rich Dad Poor Dad, is popular for his investment advice and pro-Bitcoin stance on social media platform X. Early on Friday, Kiyosaki shared his thoughts on Bitcoin ETFs and advocated holding the asset directly, instead of a “Wall Street” version. 

Rich Dad Poor Dad author holds Bitcoin, but not BTC ETFs

Robert Kiyosaki recently answered the question, “Will you buy a Bitcoin ETF,” in a tweet on X. While the author is a known Bitcoin proponent and advocate, he explained Exchange Traded Funds (ETFs) are better for most people and institutions. As an entrepreneur, he stays away from Wall Street’s financial products and prefers packaging his own. 

Owning Bitcoin directly requires one to be smarter than most ETF buyers, according to Kiyosaki, this is the best option for him. The entrepreneur continues to promote Gold, Silver and Bitcoin, to users. 

ARK Investment Management’s Cathie Wood recently predicted that Bitcoin price could hit $2.3 million with “optimal allocation.” Kiyosaki backed Cathie’s claim and said “if she is right, I will wish I had bought more.”

The Bitcoin proponent recognizes that Wood’s prediction could be wrong. Regardless of whether Wood’s prediction is correct, Kiyosaki expressed support for making mistakes and learning from them, when investing and buying Bitcoin.

Author

Ekta Mourya

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.

More from Ekta Mourya
Share:

Editor's Picks

Bitcoin Weekly Forecast: Binance security breach and hawkish Fed push BTC lower
Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.
Ripple Price Forecast: XRP bulls defend $1.20 as sell-side pressure triggers liquidations
Ripple (XRP) trades around $1.25 on Friday, rising from a short-term support level established at $1.20. This minor upward correction follows a sharp sell-off, triggered amid reports of a hack attack on the Binance exchange that impacted approximately $6.3 billion. The attack drove the broader crypto market on edge, as Binance suspended both deposits and withdrawals to contain the situation.
Bitcoin, Ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets
Crypto traders betting on higher prices had about $1.29 billion in positions forcibly closed over the past 24 hours, as the selloff following Binance’s security breach pushed bitcoin, ether and smaller tokens lower. Total liquidations reached $1.53 billion by Friday morning in Asia, according to CoinGlass. Long positions, bets that prices would rise, accounted for 83.8% of the total.
Crypto Today: Bitcoin, Ethereum, XRP sell-off cools after Binance security breach
Cryptocurrency prices are on edge on Friday, with Bitcoin (BTC) delicately holding onto a short-term $78,000 support, Ethereum (ETH) edging lower near $2,200 and Ripple (XRP) attempting a recovery above support established at $1.20. The cooldown follows Binance, the largest crypto exchange, after it reported a hack that impacted about $6.3 billion.
Bitcoin: Binance security breach and hawkish Fed push BTC lower
Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.