From Investing.com: 2024-06-28 09:00:22

Robert Kiyosaki, author of “Rich Dad Poor Dad,” voices skepticism about ETFs, comparing them to gold and silver. He believes they don’t truly represent assets they claim to track. Kiyosaki prefers physical gold, silver, and Bitcoin, keeping them secure from traditional financial institutions. He criticizes the Federal Reserve’s monetary policies and promotes tangible assets over ETFs.

Kiyosaki’s distrust of ETFs stems from the fear that financial institutions may oversell assets, undermining their value. He advocates for Bitcoin, gold, and silver as “real money” belonging to the people, contrasting them to ETFs and conventional financial products. Many Bitcoin maximalists and decentralization advocates share Kiyosaki’s view on avoiding these financial innovations.

Read more at Investing.com: ‘Rich Dad Poor Dad’ Author Kiyosaki Issues Important Bitcoin ETF Warning By U.Today