Most people invest in Bitcoin already Financially successful. Seeing their success, many have decided to invest. But as a new investor, be careful in (ETF) investing. Robert Kiyosaki warns against investing in Bitcoin exchange-traded funds (ETFs). He prefers to invest in real bitcoins, calling bitcoin ETFs fake bitcoins.Last Thursday, Kiyosaki explained on social media platform X why he doesn't invest in bitcoin ETFs, saying he avoids them "for the same reason" he doesn't buy gold or silver ETFs.
The thing is that ETF successes are directly correlated to the strength of the institution that issues these. For firms like Blackrock, it would be safe to assume that unless a massive financial crisis comes around they'll stay afloat without trouble, however, ETFs from other institution are to be avoided for the sole purpose that soon as these companies go under, so does your money, and the worst thing about it is that you can't even sell these when shit hits the fan.
ETFs are basically paper contracts telling you that you technically own this much of something, in this case bitcoin, for the most sensible, it's way better just bagging bitcoin or silver and gold for that matter since at the very least you have full control over your assets, something you don't have with ETFs.
So while Robert Kiyosaki's been a little questionable these past few years, I think I'm gonna side with him on this one, just doesn't make sense for me to buy ETFs when I can just buy the real deal.