Robert Kiyosaki suggests people remain away from Bitcoin spot ETF products

On Apr 12, 2024

World famous financial guru jumped against Bitcoin spot ETF products and suggested people to not buy such financial products.

Robert Kiyosaki is a popular financial expert across the world. He supports Gold, Bitcoin, Silver, & Oil as the best investment assets. Over the last few weeks, Kiyosaki actively talked about Bitcoin, to bring awareness among people about Bitcoin investment benefits.

On 12 April 2024, Robert Kiyosaki took to his X (Twitter) account to warn people against Bitcoin spot ETF products. Kiyosaki said that he will always say no to Bitcoin spot ETF products.

He clarified that owns Gold, Silver, Bitcoin, and real estate properties directly but not ETF products. As an entrepreneur, he suggested people remain away from all kinds of such financial products issued by Wall Street.

Q: Will you buy the Bitcoin ETF?
A: No. Just as I own gold and silver coin and mines and own apartment houses I do not own gold or silver ETFs or REITS, real estate ETFS. ETFs are best for most people and institutions. Personally I am an entrepreneur and prefer to stay as far…
— Robert Kiyosaki (@theRealKiyosaki) April 12, 2024

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It is worth it to know that earlier this Kiyosaki appreciated the role of Bitcoin spot ETF products, a couple of months ago. At the time, he said that Bitcoin spot ETF products are going to change the mindset of people because many people in this world think that they can’t buy a fraction of Bitcoin & this is the reason why they don’t think about Bitcoin investment.

Kiyosaki explained that the low price of a Bitcoin ETF will easily attract people to invest money in Bitcoin.

Before that, in Nov 2023, Kiyosaki showed his full support for the Bitcoin spot ETF product & suggested buying the ETF.

CARDBOARD BOX INDEX crashing. Shoppers stopped shopping. That means global economy slowing to possible Depression. Treasury wnd Fed to print trillions in fake dollars to replace shoppers. Buy gold, silver, Bitcoin. Gold price rising. Silver still cheap approx $35 an ounce. Or Buy…
— Robert Kiyosaki (@theRealKiyosaki) November 29, 2023

So Here we can conclude that Kiyosaki is optimistic about Bitcoin spot ETF products, as such financial products are going to help to inject huge amounts of money into the Bitcoin market but he believes that it is better to invest in Bitcoin directly, instead of Bitcoin spot ETF products.