U.Today - Robert Kiyosaki, an expert at investing and the author of the classic book on finance management “Rich Dad Poor Dad,” who supports Bitcoin, has taken to the X social media platform (formerly known as Twitter) to tell his audience what he thinks about the much-hyped Bitcoin ETFs.
Kiyosaki revealed the key reason why he would not buy any. As the investor wrote multiple times previously, aside from Bitcoin, he also prefers physical gold and silver as safe haven assets, and he likes real estate too – that is what he started with in the 1990s, when his aforementioned book was first published.
No to Bitcoin ETFs, here's why
He is also invested in real estate directly, being an owner of apartment buildings, but he does not invest in real estate ETFs. He added that these funds are “best for most people and institutions.”
However, Kiyosaki explained, that since he is an entrepreneur, he prefers to keep away from Wall Street financial products and package his own instead. Here, the “Rich Dad Poor Dad” author says, it is important to answer the question, “What is best for you?”
Bitcoin will reach $2.3 million, Kiyosaki believes
She could be wrong, he said in the tweet, but Kiyosaki still wrote that he also believes BTC can reach that all-time high eventually. Still, he wrote that most people will hardly own any Bitcoin, since they prefer to play it safe. Kiyosaki is a believer that mistakes teach investors better than any school and that successful people will always learn from their mistakes, not being afraid to make them.