Bitcoin ETF

Bitcoin

when

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 <p class="paragraph">Robert Kiyosaki is an entrepreneur, educator, investor, and the author of “<em>Rich Dad Poor Dad</em>”, one of the best-selling personal finance books of decades.&nbsp;</p>
 <p class="paragraph">In recent years, Kiyosaki has emerged as a vocal advocate for Bitcoin (BTC) after initially being cautious on the digital asset when he first posted about it on Facebook back in August 2017.</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“Investing in Bitcoin is hugely speculative:</p>
  <p class="paragraph">– People who bought 100 coins back when it was $7 are millionaires now.</p>
  <p class="paragraph">– Others have lost 20% or more on paper so far.</p>
  <p class="paragraph">– It’s hard to see what its real value is based on.</p>
  <p class="paragraph">– Rivals like Ethereum may topple Bitcoin as the prime cryptocurrency.</p>
  <p class="paragraph">So, while it may be fun to take the crypto roller coaster ride (with money you can afford to risk), I don’t see it as a reliable strategy on its own for surviving and thriving in the next crash,” the financial guru noted.</p>
 </blockquote>
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 <p class="paragraph">However, since then the author actively promotes Bitcoin as a cornerstone investment, particularly for protection against inflation and potentially harmful central bank policies, which he believes disproportionately burden the working class. In fact, Kiyosaki’s most recent prediction has Bitcoin price at $2 million per coin.</p>
 <h2 class="wp-block-heading" id="h-how-much-bitcoin-does-kiyosaki-actually-own">How much Bitcoin does Kiyosaki actually own?</h2>
 <p class="paragraph">As such a big name in the finance and trading space, there is enormous interest around how much the author owns.&nbsp;</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">Kiyosaki claimed to hold 66 BTC, as he stated in an interview on January 31:<br><br>“I’m going to make a fortune. I only have 66 Bitcoin – it’s not many – but when they opened up the market to the ETF, now tons of retirement money goes into it. It’s going to pour in, which will jump crypto and they’re estimating Bitcoin [at] $500,000 and all that stuff, but I don’t pay attention to it.</p>
  <p class="paragraph">I just say to people, how many actual coins do you have? I have 66, big deal, right? But it’s plenty… It’s supply and demand. So supply stays at 21 million but demand just went up.”</p>
 </blockquote>
 <p class="paragraph">While the amount might seem modest compared to institutional holdings, Kiyosaki sees it as a noteworthy investment with considerable financial growth potential.</p>
 <p class="paragraph">His optimism regarding Bitcoin’s future was supported by the Securities and Exchange Commission’s (SEC) approval of a Bitcoin ETF in January 2024. This development caused a price surge beyond $51,000 per coin.&nbsp;</p>
 <h2 class="wp-block-heading" id="h-hong-kong-prepares-bitcoin-spot-etf">Hong Kong prepares Bitcoin spot ETF</h2>
 <p class="paragraph">As <em>Finbold </em>reported on April 15, the Hong Kong Securities and Futures Commission (SFC) has taken the next step by approving the world’s first spot Bitcoin and Ethereum. Expected to launch by the end of April, these ETFs have the potential to trigger a wider cryptocurrency adoption, not just regionally but potentially on a global scale.&nbsp;</p>
 <p class="paragraph">In an <em>X (formerly Twitter)</em> post from April 12, Robert Kiyosaki shared his opinion about buying the BTC ETF, stating:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“Personally I am an entrepreneur and prefer to stay as far away from Wall Street’s financial&nbsp; products as possible. Packaging my own financial products is best for me because packaging my own securities requires me to be smarter than most ETF buyers. It is what is best for me. If I F’ up I have no one to blame but me.”</p>
 </blockquote>
 <p class="paragraph">However, as of April 17, with Bitcoin trading around $62,226, Kiyosaki’s 66 BTC translates to a noteworthy value exceeding $4.1 million.&nbsp;</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/how-much-bitcoin-does-rich-dad-robert-kiyosaki-own-tbt85613.html">https://thebittimes.com/how-much-bitcoin-does-rich-dad-robert-kiyosaki-own-tbt85613.html</a></p>

How much Bitcoin does ‘Rich Dad’ Robert Kiyosaki own?

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