ETFs
Robert Kiyosaki Says No to Bitcoin ETFs Despite His Enthusiasm for BTC
11:00 p.m. ▪ 5 min reading ▪ by Evans S.
Robert Kiyosaki, the famous author of the best-selling book “Rich Dad Poor Dad” and a staunch Bitcoin (BTC) advocate, recently shared his views on Bitcoin exchange-traded funds (ETFs). Although he is a strong supporter of BTC, Kiyosaki has categorically rejected the idea of investing in Bitcoin ETFs, approved in January 2024. This article explores the reasons for this position and its implications for investors.
ETF: a long-standing skepticism
Kiyosaki has never hidden his aversion to fiat currencies, which he often calls “fake.” He applies this same criticism to ETFs, whether they are based on Bitcoin, gold or silver.
According to him, the AND F represent a misleading form of investment, because they allow the same unit of an asset to be sold several times. In a recent tweet, he explained that “a gold ETF can sell an ounce of gold 100 times or more through a single ETF.”
For Kiyosaki, ETFs are just another complex financial instrument designed for Wall Street banks and brokers. He believes that these financial products distract investors from direct ownership of real assets, such as Bitcoin, gold and silver, which he considers true safe havens. This distrust of sophisticated financial instruments reflects his investment philosophy based on simplicity and the tangible.
Kiyosaki also warns of the risk of dependence on financial institutions when investing in ETFs. He points out X that direct ownership of BTC, gold and silver provides protection against market manipulation and potential financial crises.
By keeping his assets out of banks and brokers, he claims to protect his wealth more effectively.
Unwavering support for Bitcoin, Gold and Silver
Despite his rejection of ETFs, Kiyosaki remains a strong advocate of Bitcoin, gold and silver. He continues to promote these assets as strong alternatives to fiat currencies, which he calls “scams.” In his numerous publications on social networks, he encourages his subscribers to invest directly in these assets to protect their wealth against inflation and economic crises.
Kiyosaki emphasizes the importance of securing investments, away from Wall Street banks and brokers.
He claims to hold his BTC, gold and silver directly, keeping them in a safe place to avoid any risk of confiscation or manipulation. This approach reflects his philosophy of financial independence and complete control over his assets.
For Kiyosaki, bitcoin, gold and silver are long-term investments. He is convinced that these assets will continue to appreciate as fiat currencies lose their purchasing power. His advice to investors is clear: favor tangible and durable assets over complex and volatile financial instruments.
Bitcoin Price Analysis
Bitcoin is currently going through a period of uncertainty, with prices hovering around $61,000 for the past week.
Although it has avoided falling below $60,000, BTC remains below its established range of $65,000 to $67,000 in 2024. This performance has traders worried, especially as unforeseen events could still influence the market.
Several factors are contributing to this uncertainty, including the German and US governments, as well as cryptocurrency exchange Mt. Gox, which could release significant amounts of BTC onto the market.
This convergence of events, although probably accidental, fuels speculation and fears of unexpected market movements.
Despite these fluctuations, it is important to note that Bitcoin has seen impressive growth over the long term. Since the beginning of 2024, BTC has increased by 45% and over the last 12 months, it has seen an increase of 101.81%. These figures highlight Bitcoin’s resilience and its long-term growth potential.
Although a strong Bitcoin supporter, Robert Kiyosaki remains skeptical of Bitcoin ETFs, which he considers to be misleading and risky financial instruments. His preference for directly holding BTC, gold, and silver reflects his investment philosophy focused on the safety and tangibility of assets.
As the cryptocurrency market continues to evolve, investors must take these perspectives into account to effectively navigate this complex and volatile environment. Kiyosaki’s advice, while bold, offers valuable insight into long-term investment strategies. In the meantime, 16 Nobel laureates warn against threats of a second Trump term.
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Evans S.
Fascinated by bitcoin since 2017, Evariste has never stopped researching the subject. If his first interest was in trading, he is now actively trying to understand all the advances centered on cryptocurrencies. As an editor, he aspires to continually deliver high-quality work that reflects the state of the industry as a whole.
DISCLAIMER
The views, thoughts and opinions expressed in this article belong solely to the author and should not be considered investment advice. Do your own research before making any investment decisions.