Robert Kiyosaki Discusses Bitcoin ETFs
Personal finance author Robert Kiyosaki mentions that he prefers to gain Bitcoin (BTC) exposure through exchange-traded funds (ETFs) instead of holding physical coins.
In a recent post on social media platform X, known for his book “Rich Dad’s Poor Dad,” he referred to Bitcoin ETFs as merely “paper,” suggesting that owning tangible assets is preferable to depending on these investment vehicles.
“Be careful of the paper.”
“We find that ETFs simplify investing for the average person. So, an ETF can be a good choice for beginners. But it’s crucial to keep this caution in mind.”
For everyday investors, Kiyosaki recommends:
- Gold ETF
- Silver ETF
- Bitcoin ETF
“However, an ETF is like having a picture of a weapon for self-defense.”
“It’s better to possess real gold, silver, bitcoin, or even a firearm.”
“Understand when it’s essential to have the real deal as opposed to just paper. If you grasp the differences and how to utilize them, you’re ahead of most.”
“Just be cautious.”
Kiyosaki’s warnings come at a time when Bitcoin ETFs are seeing significant growth in market capitalization. According to the latest figures from Crypto Data Aggregator Coinglass, the combined market capitalization for Bitcoin ETFs has reached $152.73 billion.
Leading the pack is BlackRock’s iShares Bitcoin Trust (IBIT), with a market capitalization of $86.1 billion. This is followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) at $2.314 billion and the Grayscale Bitcoin Trust ETF (GBTC) at $2.133 billion.
