United

Bitcoin ETF

Bitcoin

<div class="finbold">
 <p class="paragraph">Although many members of the cryptocurrency community had been looking forward to the United States Securities and Exchange Commission (SEC) finally approving spot Bitcoin (BTC) exchange-traded funds (ETFs) as the sign of the crypto assets’ wider acceptance, not everyone is on board.</p>
 <p class="paragraph">As it happens, renowned investor and author of the best-selling personal finance book <em>‘Rich Dad Poor Dad,’ </em>Robert Kiyosaki, stated he would not be buying Bitcoin through a spot ETF for the same reason he did not own any “gold or silver ETFs or REITs,” according to his X post on April 12.</p>
 <p class="paragraph">Furthermore, he voiced his opinion that “ETFs are best for most people and institutions” but, as an entrepreneur, he preferred to “stay as far away from Wall Street’s financial products as possible” because he wanted to keep the responsibility for his potential mistakes in his own hands:</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Machine learning algorithm sets Ethereum price for April 30, 2024 <span class="self-center text-xs text-slate-500">34 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    SHIB joins CDSA to bring new blockchain solutions to media and entertainment&nbsp; <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Economist warns ‘too many people long Bitcoin,’ will end up disappointed <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Warren Buffett on inflation: Strategies for sustainable growth <span class="self-center text-xs text-slate-500">18 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“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. The more important question is ‘what is best for you.’”</p>
 </blockquote>
 <h2 class="wp-block-heading" id="h-btc-etfs-in-eyes-of-others">BTC ETFs in eyes of others</h2>
 <p class="paragraph">Meanwhile, American economist Peter Schiff has dismissed spot Bitcoin ETFs as one of the reasons why Bitcoin was likely to crash as more of the maiden crypto asset is entering them, also expressing his view that they are a “godsend for foreign central banks,” as they “have siphoned investor demand away from gold.”</p>
 <p class="paragraph">On top of that, Schiff believes that the recent Bitcoin rally, that has followed gold rising to new all-time highs (ATHs) was nothing more but a ploy to “sucker ETF investors into buying the gap up,” advising his followers to “get ready for the dump” by replacing all their Bitcoin with precious metals.</p>
 <p class="paragraph">That said, at press time, the price of Bitcoin stood at $70,643, recording a slight increase of 0.06% on the day, and gaining 5.26% across the previous week while accumulating a loss of 3.81% over the past month, according to the most recent charts on April 12.</p>
 <p class="paragraph">Ultimately, whether investing in Bitcoin through a spot BTC ETF is a good choice or not depends on the individual or organization interested in it, and while entrepreneurs like Robert Kiyosaki prefer a more direct exposure without any intermediaries, others might find safety in the indirect approach.</p>
 <p class="paragraph">Regardless of where one stands in this debate, it is critical to do detailed research and in-depth risk <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> before devoting a significant part of one’s portfolio to any asset, be it a cryptocurrency, an exchange-traded fund, or anything else.</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>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/rich-dad-r-kiyosaki-reveals-why-he-will-not-buy-into-bitcoin-etf-tbt85172.html">https://thebittimes.com/rich-dad-r-kiyosaki-reveals-why-he-will-not-buy-into-bitcoin-etf-tbt85172.html</a></p>

‘Rich Dad’ R. Kiyosaki reveals why he will not buy into Bitcoin ETF

Table of Contents

TheBitTimes

Andre artikler udgivet 12. apr. 2024

Finland: The Next Big Destination for Bitcoin Miners?

Crypto Biz: Tokenization spikes, SEC delays Bitcoin ETF options, and more

Solana Lending Protocol MarginFi saw $200M Users Fund Outflow in Two Days

Titan Ecosystem (TINECO) Can Be The Next Solana (SOL)

Kripto Favorit Investor: Tren Bullish KAVA hingga Teknologi BlockDAG

Peter Schiff: Bitcoin Has Less Utility Than a Pet Rock – Is a Correction Coming?

Join our free newsletter for daily crypto updates!