ETFs
‘Rich Dad, Poor Dad’ Author Robert Kiyosaki Questions Authenticity of Bitcoin ETFs: ‘ETFs Are Fake Gold, Silver or Bitcoin’
Robert KiyosakiThe famous author of “Rich Dad Poor Dad,” expressed his concerns about Bitcoin ETFs, questioning their authenticity.
What happened: Kiyosaki expressed his doubts about Bitcoin ETFs, stating his reluctance to invest in them. He compared them to gold and silver ETFs, arguing that these financial tools do not accurately reflect the assets they are supposed to represent.
Kiyosaki’s skepticism centers on the authenticity of ETFs. In an article published on X on Thursday, he pointed out that a gold ETF could potentially sell the same ounce of gold multiple times, making it an inadequate substitute for owning physical gold.
This is why he prefers to hold gold, silver and Bitcoin, which he keeps safe and away from traditional financial institutions and Wall Street.
His views are consistent with his long-standing criticism of traditional financial market instruments and the monetary policies of the Federal Reserve.
Kiyosaki has consistently expressed his belief that the dollar is a “fake” currency and has urged people to invest in what he considers real money: BTC, gold, and silver.
According to Kiyosaki, these assets are tangible and belong to the people, unlike ETFs and other financial products traded on the market.
Why is this important?:Earlier, Kiyosaki had revealed his purchase of 5 additional Bitcoins through the Securities and Exchange Approval of Bitcoin ETFs by the Commission.
However, his recent comments reveal a shift in position. Kiyosaki’s disinterest in Bitcoin ETFs aligns with his preference for direct ownership of assets compared to Wall Street financial products.
This development is important because it highlights the ongoing debate over the authenticity and value of ETFs in the cryptocurrency market.
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