Robert Kiyosaki Says No to Bitcoin ETFs Despite His Enthusiasm For BTC
Robert Kiyosaki, the famous author of the best-seller “Rich Dad Poor Dad,” and a staunch advocate of Bitcoin (BTC), recently shared his view on Bitcoin exchange-traded funds (ETFs). Although he is a fervent supporter of BTC, Kiyosaki categorically rejected the idea of investing in Bitcoin ETFs, approved in January 2024. This article explores the reasons for this stance and its implications for investors.
ETFs: 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 ETFs represent a deceptive form of investment, as they allow the same unit of an asset to be sold multiple times. In a recent tweet, he explained that “a gold ETF can sell one ounce of gold 100 times or more through a single ETF.”
For Kiyosaki, ETFs are just another complex financial instrument designed for banks and Wall Street brokers. He believes these financial products divert investors from the direct ownership of real assets, such as Bitcoin, gold, and silver, which he sees as true safe havens. This distrust of sophisticated financial instruments reflects his investment philosophy based on simplicity and tangibility.
Kiyosaki also warns against the risk of dependence on financial institutions when investing in ETFs. He highlights on X that direct ownership of BTC, gold, and silver provides protection against market manipulations 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 staunch advocate of Bitcoin, gold, and silver. He continues to promote these assets as solid alternatives to fiat currencies, which he calls “scams.” In his numerous social media posts, he encourages his followers to invest directly in these assets to protect their wealth against inflation and economic crises.
Kiyosaki emphasizes the importance of keeping investments secure, away from banks and Wall Street brokers.
He claims to directly hold his BTC, gold, and silver, 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 represent long-term investments. He firmly believes that these assets will continue to appreciate as fiat currencies lose their purchasing power. His advice to investors is clear: prioritize 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 a 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 worried traders, especially since unforeseen events could still influence the market.
Several factors contribute to this uncertainty, including the German and American governments, as well as the Mt. Gox cryptocurrency exchange, which could release significant amounts of BTC onto the market.
This convergence of events, although probably accidental, fuels speculations and fears of unexpected market movements.
Despite these fluctuations, it is important to note that Bitcoin has experienced impressive growth in the long term. Since the beginning of 2024, BTC has risen by 45%, and over the past 12 months, it has recorded an increase of 101.81%. These figures highlight Bitcoin’s resilience and its long-term growth potential.
Although a fervent supporter of Bitcoin, Robert Kiyosaki remains skeptical of Bitcoin ETFs, which he considers deceptive and risky financial instruments. His preference for the direct ownership of BTC, gold, and silver reflects his investment philosophy focused on the security and tangibility of assets.
As the crypto market continues to evolve, investors must take these perspectives into account to navigate this complex and volatile environment effectively. Kiyosaki’s advice, although bold, offers valuable insight into long-term investment strategies. Meanwhile, 16 Nobel laureates warn about the threats of a second Trump term.
