Today I would like to talk to you about Bitcoin ETFs, which have been the talk of the town lately. As I mentioned before, I love following market news and new developments, and I think ETFs are a great step towards spreading Bitcoin among traditional investors.
ETFs are simply an investment fund that is traded on the stock exchange, and allow investors to invest in Bitcoin without actually owning it. The idea here is that investors can enter the market in an easier and safer way compared to buying Bitcoin directly.
Robert Kiyosaki, author of Rich Dad Poor Dad, continues his criticism of the traditional financial system, considering Bitcoin ETFs to be fake like other financial instruments that he sees as misleading.
Kiyosaki believes that financial markets are facing a major collapse, as he previously warned in his book Rich Dad's Prophecy, which makes today's retirees more vulnerable than the previous generation who relied on guaranteed pensions.
Kiyosaki believes that limited financial education leaves uninformed investors reliant on traditional financial products, leaving them vulnerable to Wall Street and political influence.
He therefore recommends holding real assets such as gold, silver and bitcoin rather than fiat financial instruments or derivatives such as exchange-traded funds, which he sees as just an additional layer separating investors from actual ownership.
Despite bitcoin’s 1.2% decline over the past week and the broader market’s 11.5% decline according to CoinGecko, Kiyosaki remains convinced that real assets are the answer to protecting wealth in uncertain times.
