Investor Robert Kiyosaki warns against holding paper Bitcoin and precious metals through ETFs, advocating for physical assets like gold, silver, and BTC. Kiyosaki believes ETFs may not have the underlying assets they claim, risking a potential financial crisis if confidence is lost. Balchunas argues that ETFs offer robust security against fraud, with a one-to-one ratio of assets to shares, easing concerns. Wealthy Bitcoin holders may find ETFs safer than self-custody due to security risks.

Read more at CoinTelegraph: Beware of Paper Bitcoin and Precious Metals