Crypto ETF trend emerges in traditional finance
The cryptocurrency market is undergoing unprecedented changes as more and more financial institutions launch Bitcoin ETFs (exchange-traded funds). Most recently, the U.S. Bitcoin Spot ETF recorded $11.8 million in inflows on June 27, while GrayScale’s GBTC saw outflows. VanEck also filed to launch the Solana ETF, showing that blockchain investing is expanding beyond Bitcoin and Ethereum. However, despite the enthusiasm, noted financial writer Robert Kiyosaki has been highly critical of these ETFs.
Robert Kiyosaki: All ETFs are fake investments
Robert Kiyosaki, who is famous for his book "Rich Dad Poor Dad", recently stated on social media X that Bitcoin ETF is a "fake investment." Not only is he critical of Bitcoin ETFs, he also shares the same view of gold and silver ETFs, arguing that these are fake assets. He insists that one should invest in physical gold, silver and Bitcoin, which are safer assets and have higher intrinsic value than ETFs.
Kiyosaki further pointed out that ETFs may be manipulated or diluted by the financial system. He said in a social media post: "ETFs are fake gold, fake silver, and fake Bitcoin. Gold ETFs can sell 1 ounce of gold 100 times or more through 1 ETF. "More." He emphasized that owning physical assets can help him avoid the influence of "bankers" or Wall Street bankers, reflecting his preference for real assets.
Source: X Robert Kiyosaki wrote that ETFs are all fake assets
It is true to insist on buying Bitcoin every month and hold it yourself!
Kiyosaki also revealed that he purchases Bitcoin every month. He said that Bitcoin is a "rules-based currency" compared to government fiat currencies, which are "debt-based" currencies. Kiyosaki emphasized that "rules-based currency" can make people richer, while "debt-based currency" can make people poorer.
In a recent social media post, Kiyosaki shared his thoughts on Bitcoin’s “banana zone.” The term, coined by former Goldman Sachs executive Raoul Pal, describes a phase of Bitcoin's rapid rise in value, when people exclaim "I should have bought some" or "I should have bought more." Kiyosaki explained that Pal had advised him to start investing in Bitcoin, which led him to buy 30 Bitcoins when they were priced at $6,000 each, and today they are worth about $60,000.
Kiyosaki frequently advocates investing in Bitcoin, gold, and silver. He believes that Bitcoin is the easiest way to become a millionaire and predicts that the price of Bitcoin will reach $350,000 in August. He has repeatedly urged investors to buy Bitcoin before its price explodes and advised them to stay away from the U.S. dollar.
Source: X Robert Kiyosaki shares his views on Bitcoin’s “Banana Zone”
How should investors choose?
Although Kiyosaki is critical of Bitcoin ETFs, many investors view ETFs as an indirect way to enter the cryptocurrency market, especially for those unfamiliar with directly holding and custodying digital assets. ETFs allow investors to gain exposure to the cryptocurrency market without directly owning Bitcoin, making them a good option for investors who want to participate but are concerned about security.
However, Kiyosaki's views sparked widespread discussion about the true value of ETFs. As the U.S. cryptocurrency ETF market rapidly develops, including the approval of a potential Ethereum spot ETF, this discussion will continue to influence investor attitudes and market direction.
Overall, Kiyosaki’s remarks remind investors to be cautious when choosing investment tools, especially when facing financial products such as ETFs. No matter which investment method you choose, it is crucial to understand its risks and potential rewards and make decisions based on your own risk tolerance.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
