Rich Dad Poor Dad author Robert Kiyosaki recently warned against investing in ETFs, calling Bitcoin ETFs fake Bitcoin.
In a June 28 X post, Kiyosaki said he prefers to buy actual Bitcoin and explained why he does not invest in Bitcoin ETFs:
“ETFs are fake gold, silver or Bitcoin.
For example, a gold ETF can sell 1 ounce of gold for 100 times or more through an ETF. That’s why I own real gold, silver and Bitcoin and keep them safe, away from Wall Street banks and bankers.”
Q: Would I buy Bitcoin ETFs?
A: NoQ: Why not?
A: For the same reason I do not buy
Gold or Silver ETFs.Q: What is wrong with ETFs?
A: ETFs are FAKE gold, silver, or Bitcoin.A: For example a gold ETF can sell 1 ounce of gold 100 times and more via 1 ETF.
That is…
— Robert Kiyosaki (@theRealKiyosaki) June 27, 2024
Kiyosaki has been vocal about his distrust of the Biden administration, the Federal Reserve, the Treasury Department, and Wall Street bankers. He frequently criticizes these institutions for practices that he believes are detrimental to the financial well-being of ordinary people. Furthermore, he accuses Wall Street bankers of prioritizing their own profits over the interests of ordinary investors.
In April, Kiyosaki similarly explained why he would not buy Bitcoin ETFs, even though they have become a hot asset with significant capital inflows after being approved by the Securities and Exchange Commission. and United States Exchange (SEC) approval.
The famous investor recently revealed that he bought 60 Bitcoins at $6,000 and continues to buy BTC every month. Despite the “collapse” in Bitcoin prices, he remains committed to holding according to Berkshire Hathaway CEO Warren Buffett’s strategy of focusing on buying and holding assets.
Kiyosaki believes that Bitcoin is the easiest way to become a millionaire, previously predicting its price to reach $350,000 by August. He has continuously urged investors to buy BTC before the price skyrockets, expressing expressed frustration at hearing “lame” excuses from people when he suggested Bitcoin to them.
Annie
According to Newsbitcoin
