Author Kiyosaki Issues Important Bitcoin ETF Warning

Robert Kiyosaki, the well-known author of “Rich Dad Poor Dad,” has voiced his doubts about exchange-traded funds (ETFs). He has declared that he would not choose to invest in them, likening his views to those he holds regarding ETFs for gold and silver.

Kiyosaki contends that these financial products do not accurately represent the actual assets they are designed to track. His concerns primarily focus on the legitimacy of ETFs. He pointed out that a gold ETF, for instance, can sell the same ounce of gold multiple times, making it an inadequate alternative to owning physical gold. For this reason, he prefers to hold real gold, silver, and Bitcoin, keeping these assets secure and separate from traditional financial institutions and Wall Street.

His perspective aligns with his ongoing criticism of conventional financial market instruments and the monetary policies of the Federal Reserve. Kiyosaki has openly expressed his belief that the dollar is a “fake” currency and has encouraged individuals to invest in what he deems real money: Bitcoin, gold, and silver.

He asserts that these assets are tangible and truly owned by the individuals, in contrast to ETFs and other financial products that are traded in the market. Kiyosaki’s view is shared by many Bitcoin enthusiasts and strong advocates for decentralization, who similarly reject such innovations in financial products.