Robert Kiyosaki Slams Bitcoin ETFs as Fake Investments

by

As a researcher with a background in finance and experience in the cryptocurrency market, I understand Kiyosaki’s perspective on ETFs. His skepticism towards these investment vehicles is rooted in his belief that they are not backed by real assets but rather represent derivatives of those assets. In the case of Bitcoin ETFs, he argues that they may be subject to manipulation or dilution by the financial system.

Robert Kiyosaki, the renowned author, has stirred up debate within the cryptocurrency sphere by labeling Bitcoin Exchange-Traded Funds (ETFs) as “false investments.”

Kiyosaki critiqued ETFs (Exchange-Traded Funds) in a recent social media update, expressing his concerns not just about those linked to Bitcoin but also to gold and silver ETFs. He labeled these investments as being tied to counterfeit assets.

Q: Should I consider purchasing Bitcoin ETFs?
A: I personally don’t buy
Bitcoin, Gold or Silver ETFs for the following reason.

Q: Why don’t you prefer ETFs?
A: ETFs are not the genuine article.

For instance, one gold ETF can sell over 100 ounces of gold through a single ETF unit.

That is, they don’t physically hold the underlying asset for each share owned. Instead, they use derivatives or other investment vehicles to replicate the price movements of the underlying asset.

— Robert Kiyosaki (@theRealKiyosaki) June 27, 2024

Kiyosaki strongly advocated for investing in precious metals such as gold and silver, along with Bitcoin. According to him, these assets offer increased safety and greater inherent worth compared to ETFs. He was critical of ETFs due to potential manipulation or dilution by the financial system.

At present, Kiyosaki’s remarks are relevant as increasing focus is being placed on the US cryptocurrency ETF market. Despite some price fluctuations, the US Spot Bitcoin ETF attracted approximately $11.8 million in investments on June 27th. Conversely, other investment vehicles like Grayscale’s GBTC experienced outflows during this period.

As a crypto investor, I’ve come across Robert Kiyosaki’s skepticism towards Exchange-Traded Funds (ETFs) in the context of investing in cryptocurrencies. However, many investors view ETFs as an alternative, indirect way to gain exposure to digital currencies without directly handling the complexities of wallets and private keys. The debate surrounding ETFs and their role in the crypto market continues, with ongoing regulatory developments such as the proposed listing of a U.S. Spot Ethereum ETF adding fuel to the discussion.

As a crypto investor, I’m excited about the latest development in the world of blockchain investments with VanEck’s filing to launch a Solana ETF. This move signifies that there’s more to explore beyond Bitcoin and Ethereum, indicating a vibrant and evolving ETF market. Simultaneously, Bitcoin’s value saw a slight uptick, reaching $61,585, reflecting the dynamic nature of the crypto market.

As a crypto investor, I find Robert Kiyosaki’s views on Exchange-Traded Funds (ETFs) in the crypto industry intriguing and thought-provoking. His perspectives add fuel to the ongoing debates about ETFs’ legitimacy and usefulness, which can significantly impact investors’ perceptions and the market dynamics.

Read More

2024-06-28 09:56