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“Rich Dad Poor Dad” Author Kiyosaki Labels Bitcoin ETFs as Fake
Renowned author and financial expert Robert Kiyosaki has expressed his skepticism towards Bitcoin ETFs (Exchange-Traded Funds), labeling them as “fake.” In a recent statement, he emphasized the importance of holding real assets rather than paper representations.
Kiyosaki’s concern stems from the fact that ETFs are backed by a digital representation of an asset, which he believes is not equivalent to actual ownership. He advocates for investing in tangible assets such as physical gold, silver, and Bitcoin, which can be held and controlled directly.
The statement comes amidst a period of market volatility, where Bitcoin’s price has dropped 1.2% over the past week, with the broader cryptocurrency market experiencing an 11.5% decline according to CoinGecko. Despite this, Kiyosaki remains steadfast in his conviction that real assets are the best way to safeguard wealth during uncertain times.
In essence, Kiyosaki’s stance suggests that investors should avoid ETFs and instead opt for direct ownership of assets like precious metals and cryptocurrencies. His skepticism about ETFs is rooted in his belief that they create a layer of separation between investors and actual ownership, rendering them less reliable as a means to protect one’s wealth.
Kiyosaki’s views have garnered significant attention in the financial community due to his reputation as an outspoken advocate for alternative investing strategies.
Source: https://u.today/rich-dad-poor-dad-author-kiyosaki-labels-bitcoin-etfs-as-fake
