Robert Kiyosaki Cautions Against Bitcoin ETFs

[Catenaccio]

It depends on the capability of investors because sometimes having ETFs as one of their options to invest in bitcoins is a big advantage for others and there is no problem with that if you don't want to buy bitcoins from them and make your secured wallet and keep your bitcoins for total securities.

If Michael Saylor and Micro Strategy can invest billions of dollar into Bitcoin by themselves, be custodian by themselves, other institutional investors can do the same. If they understand risk of investment but are not self custodian, they will think and practice differently.

Michael Saylor ⚡ (MicroStrategy) Portfolio Tracker
https://saylortracker.com/

Unlike others who don't have time to do all of that, they can simply rely on ETFs and do their daily activities without stressing themselves about their bitcoins. it is just a matter of trust and capability because if others don't do it, others see it as an opportunity.

It can bring convenience and comfortableness to big investors but on top of that is risk, very high risk. Blaming many reasons and ignore risk, to choose Bitcoin Spot ETFs, they actually ignore risk and don't focus enough on security of their money.

[Marvell1]

It depends on the capability of investors because sometimes having ETFs as one of their options to invest in bitcoins is a big advantage for others and there is no problem with that if you don't want to buy bitcoins from them and make your secured wallet and keep your bitcoins for total securities.

If Michael Saylor and Micro Strategy can invest billions of dollar into Bitcoin by themselves, be custodian by themselves, other institutional investors can do the same. If they understand risk of investment but are not self custodian, they will think and practice differently.

Michael Saylor ⚡ (MicroStrategy) Portfolio Tracker
https://saylortracker.com/

Many investors like to invest in bitcoin but they are not confident in managing the seeds/private keys themselves and if there is no ETF then how will they invest? And that's also why ETFs exist.
Additionally as far as I know, MicroStrategy holds about 214,400 BTC as of May 2024, equivalent to nearly 14-15 billion, while just a few months after the ETFs were approved, net inflows into the market through ETFs amounted to more than 12 billion. In the future, we will see an increasing amount of money pouring into the market through ETFs, so the role and influence of bitcoin ETFs cannot be denied.
https://www.binance.com/en/square/post/2024-03-31-bitcoin-spot-etfs-accumulate-12-13-billion-in-net-inflows-since-launch-6128139597834

Unlike others who don't have time to do all of that, they can simply rely on ETFs and do their daily activities without stressing themselves about their bitcoins. it is just a matter of trust and capability because if others don't do it, others see it as an opportunity.

It can bring convenience and comfortableness to big investors but on top of that is risk, very high risk. Blaming many reasons and ignore risk, to choose Bitcoin Spot ETFs, they actually ignore risk and don't focus enough on security of their money.

Everything has risk, storing bitcoin with a non-custodial wallet also has risk, it does not guarantee we are completely immune to risk. As I said, not everyone can be confident in their ability to self custody assets, especially the elderly, and the emergence of ETFs is the solution for them.

[Solosanz]

Where were him when SEC approved Bitcoin ETF in six months ago? it's already too late for him to warn other people when the ETF hype is over.

He's just trying to ride the wave since his financial advice course and book no longer make a lot money, as you can see on his Youtube channel he have 3.35 Million subscribers, but most of his recent videos only viewed by less than 10K.

Robert Kiyosaki's era is over.

[Supianto]

I wonder where you got statistics about how many people investing in Bitcoin are already successful. Also, I don't think that too many people are buying ETFs here, even if I could I wouldn't do that.

[Casdinyard]

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.

[moneystery]

many people who buy etfs are not actually investing, but they just want to get a chance to profit from bitcoin price movements and don't want to bother buying bitcoin from an exchange, so they just need to buy etfs and trade them like stocks. maybe for those of us who already know bitcoin and have invested in it, we see that etfs are not that important, and it's better to invest in bitcoin directly, but for those who are still new or don't want to bother investing in bitcoin, maybe etfs will be a product that helps them to get profit in the bitcoin market. so whatever robert kiyosaki says, it won't change won't change the fact that there will still be people who use it.

[gunhell16]

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 question is, are you sure that Robert Kiyosaki did not invest in Bitcoin? Remember that he is a businessman, an influential person, and a popular tycoon businessman all over the world. Remember, people like Kiyosaki can also be said to be some of the best manipulators in business.

It seems that Kiyosaki is no different from Elon Musk; just a post on Twitter of a meme coin, there are immediately many investors who are also whales who will also buy any coin that he says. So, it's the same with Robert Kiyosaki. Maybe it's possible because what he says is that he thinks it will have an impact on the fall in the price value of Bitcoin in the market, and when that happens, Kiyosaki will enter the opportunity to sell Bitcoin. We don't know or are sure that he can do it or not, but because he is a businessman, it really maybe or maybe not.

[Yaunfitda]

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.

I think it's obvious that we want total control of our Bitcoin, but I do think that there are investors that are not technically inclined and that's why they preferred this kind of ETF and other financial Bitcoin instrument so that they don't need to complicate things on their end. So it's a good advise, but then again, there are a lot of set of investors right now in the market, like the rest of us, average joe and then big clients who wanted to invest tru ETF, and then whales and institutions like Michael Saylor and others. So different folks different strokes, but at the end of the day, it's just the same, money invested in the market, potential to make money in the future.