According to a X post, Robert Kiyosaki, the author of the “Rich Dad Poor Dad” has questioned the appeal of spot Bitcoin ETFs. Among these ideas, was a comment that he chose to own assets directly. His perspective argues against the traditional Wall Street investment instruments. Kiyosaki argues in favor of holding the gold and real estate as tangible assets in contrast to ETFs.
Robert Kiyosaki’s position is an expression of his general financial philosophy. He likes the investments, which give him the control. He says that this strategy mirrors his intelligence and saves him from market volatility. Kiyosaki’s approach eliminates the roundabout of ETFs. He regards direct investment as smart and safe.
But Kiyosaki is still a big fan of Bitcoin overall, although, he does not trust Bitcoin ETFs. He sides with investor Cathie Wood that the future of Bitcoin is quite promising. One of the most famous predictions is Wood’s prediction that the price of Bitcoin would reach as high as $2.3 million. Kiyosaki is grateful for her analysis and shares her enthusiastic support for Bitcoin. This shows his faith in the future of cryptocurrency, though he attacks ETFs.
Robert Kiyosaki’s support for Bitcoin is more than just endorsement. He encourages investors to have one-on-one contact with the cryptos. He believes that small investments provide great learning opportunities. Active involvement allows the investors to understand the digital asset picture. Kiyosaki promotes learning by doing.
Bitcoin’s market performance
Currently, the price of Bitcoin equals to $70,840.65. It decreased just a tad by -0.16 % in the past day. Bitcoin even though has dropped a little, has been strong in its trading spectrum and of late, ranging within the limits $71,232.24 and $70,087.94. The market cap of Bitcoin is still over 1.3 trillion dollars, thus, it is considered to be the leading cryptocurrency.
This buoyancy in the market endorses the integrity of Kiyosaki’s points. His backing of direct investment is based on the dynamism of the Bitcoin’s performance. In light of the changes of digital finance, Bitcoin takes the lead and changes the financial paradigms. As Kiyosaki points out, such changes are better handled by more active investors.
Sourced from: https://x.com/theRealKiyosaki/status/1778640352444084425
CoinMarketCap
