Robert Kiyosakithe famous author of “Rich Dad Poor Dad”, expressed his doubts about Bitcoin spot ETFs, questioning their authenticity.
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What happened
Kiyosaki expressed his doubts about Bitcoin spot ETFs, declaring himself reluctant to invest in them. He compared them to gold and silver ETFs, arguing that these financial instruments do not accurately reflect the assets they are supposed to represent.
Kiyosaki’s skepticism concerns the authenticity 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 a poor substitute for owning physical gold.
For this reason he prefers to own real 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 to be real money: BTC, gold and silver.
According to Kiyosaki, these assets are tangible and belong to people, unlike ETFs and other financial products traded on the market.
Because it is important
Kiyosaki previously revealed that he purchased an additional 5 Bitcoin following the Securities and Exchange Commission’s approval of Bitcoin ETFs.
However, his recent comments reveal a change in his position. Kiyosaki’s disinterest in Bitcoin ETFs is in line with his preference for direct asset ownership over Wall Street financial products.
This development is significant because it highlights the ongoing debate about the authenticity and value of ETFs in the cryptocurrency market.
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