Bitcoin

Robert Kiyosaki advises against investing in Bitcoin Spot ETF products

Famous financial expert, Robert Kiyosaki, recently spoke out against Bitcoin spot ETF products, advising people not to invest in such financial products. Kiyosaki, known for supporting Gold, Bitcoin, Silver, and Oil as top investment assets, has been actively promoting Bitcoin investment benefits in recent weeks.

In a tweet on April 12, 2024, Kiyosaki warned his followers about the risks of Bitcoin spot ETF products, stating that he personally prefers to invest directly in Gold, Silver, Bitcoin, and real estate properties rather than through ETF products. As an entrepreneur, he advised others to steer clear of financial products issued by Wall Street.

While Kiyosaki had previously expressed support for Bitcoin spot ETF products a few months ago, he now believes that investing in Bitcoin directly is a better option. He explained that the low price of a Bitcoin ETF could attract people to invest in Bitcoin, but ultimately, he recommends investing directly in the cryptocurrency.

Overall, Kiyosaki remains optimistic about the potential of Bitcoin spot ETF products to inject substantial funds into the Bitcoin market. However, he continues to advocate for direct investment in Bitcoin as the preferred strategy.



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