I will never buy Bitcoin ETFs from U.Today

U.Today – Robert Kiyosaki, an investing expert and author of the classic financial management book “Rich Dad Poor Dad” supporting, used the social media platform X (formerly known as Twitter) to tell his audience, what He thinks of the much-touted Bitcoin ETFs.

Kiyosaki revealed the main reason why he wouldn't buy one. As the investor has written several times, in addition to Bitcoin, he also prefers physical gold and silver as safe havens, and he also likes real estate – he started doing this in the 1990s, when his book mentioned above was first published.

No to Bitcoin ETFs, here's why

Robert Kiyosaki tweeted that he has no plans to buy Bitcoin exchange-traded funds. The expert said he prefers to invest in real assets and not in Wall Street financial products based on them. He reminded his 2.1 million followers that he owns gold and silver mines and coins, but no ETFs based on these precious metals.

As a multifamily property owner, he also invests directly in real estate, but does not invest in real estate ETFs. He added that these funds are “best for most people and institutions.”

However, Kiyosaki explained that as an entrepreneur, he prefers to avoid Wall Street financial products and instead offer his own products. Here, says the “Rich Dad Poor Dad” author, it's important to answer the question: “What's best for you?”

Kiyosaki believes Bitcoin will reach $2.3 million

In a tweet posted earlier this week, Kiyosaki praised Cathie Wood, the renowned investor and CEO of Ark Invest (and also one of the Bitcoin ETF issuers). Kiyosaki specifically mentioned her recent forecast in which she predicts that the world's leading cryptocurrency Bitcoin will rise to as much as $2.3 million in the future.

She could be wrong, he said in the tweet, but Kiyosaki still wrote that he also believes BTC could reach that all-time high at some point. Still, he wrote that most people are unlikely to own Bitcoin because they would rather be safe than sorry. Kiyosaki believes that mistakes teach investors better than any school and that successful people always learn from their mistakes and are not afraid to make them.

This article was originally published on U.Today