Robert Kiyosaki Critiques Bitcoin ETFs, Stands Firm on BTC, Gold, and Silver Investments
Robert Kiyosaki, well-known for his bestselling book ‘Rich Dad Poor Dad’, recently voiced his skepticism towards Bitcoin exchange-traded funds (ETFs) on social media platform X.
Despite his optimism about Bitcoin itself, Kiyosaki criticized ETFs, including those linked to commodities like gold and silver, labeling them as ‘fake’. He argued that such investment vehicles could oversell underlying assets, questioning their integrity.
Emphasizing his continued support for Bitcoin, gold, and silver investments, Kiyosaki reiterated his belief in their long-term value while avoiding traditional banking systems.
He urged followers to consider these assets as alternatives to what he views as less secure currencies like the U.S. dollar.
READ MORE: Early Bitcoin Miner Transfers 50 BTC After 14-Year Dormancy
In recent market observations, Bitcoin has shown stability around $61,000 but has faced concerns due to potential large-scale sell-offs by entities such as Mt. Gox.
This has prompted speculation among traders, despite Bitcoin’s overall gains of approximately 45% since the start of 2024 and over 100% in the past year, indicating its resilience amidst market fluctuations.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
