Robert Kiyosaki, Author of ‘Rich Dad Poor Dad’, Casts Doubt on Bitcoin ETFs’ Legitimacy: ‘ETFs Are Imitation Gold, Silver, or Bitcoin’
Renowned author Robert Kiyosaki, known for “Rich Dad Poor Dad,” has raised concerns about the authenticity of Bitcoin ETFs.
Kiyosaki recently shared his doubts about Bitcoin ETFs, explaining his hesitation to invest in them. He compared them to gold and silver ETFs, arguing that these financial tools do not accurately represent the assets they claim to hold.
Kiyosaki’s skepticism revolves around the credibility of ETFs. In a post on X, he pointed out that a gold ETF could potentially sell the same ounce of gold multiple times, making it an unreliable substitute for physical gold ownership.
This is why he prefers to hold physical gold, silver, and Bitcoin, keeping them secure and separate from traditional financial institutions and Wall Street.
His beliefs align with his consistent criticism of traditional financial market instruments and the Federal Reserve’s monetary policies.
Kiyosaki has been vocal about his view that the dollar is a “fake” currency, urging individuals to invest in what he considers real assets: BTC, gold, and silver.
According to Kiyosaki, these assets are tangible and owned by the people, unlike ETFs and other financial products traded on the market.
Recently, Kiyosaki disclosed his purchase of 5 additional Bitcoin after the Securities and Exchange Commission approved Bitcoin ETFs. However, his latest comments signal a shift in perspective, as he now shows disinterest in Bitcoin ETFs in favor of direct ownership of assets.
This development highlights the ongoing debate surrounding the authenticity and value of ETFs in the cryptocurrency market.
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