R. Kiyosaki warns ETFs are like ‘having a picture of a gun’
Main Idea
Robert Kiyosaki advises caution with ETFs, acknowledging their utility but comparing them to 'paper assets,' while Bitcoin ETFs see significant inflows.
Key Points
1. Robert Kiyosaki warns investors about the limitations of ETFs, likening them to 'paper assets' despite their accessibility and ease of use.
2. He recommends ETFs for average investors but emphasizes their lack of tangible value, comparing them to 'a picture of a gun for personal defense.'
3. Bitcoin spot ETFs recorded a combined net inflow of $227 million on July 24, with Fidelity contributing $107 million.
4. The total net asset value (NAV) of all Bitcoin spot ETFs is $154.45 billion, representing about 6.54% of BTC's total market.
5. Historical net inflows across all Bitcoin ETFs have reached $54.69 billion.
Description
Robert Kiyosaki , American entrepreneur and writer, is once again urging investors to be cautious when exploring investment opportunities. Namely, in a July 25 post on X, the author of Rich Dad Poor Dad noted the limits of exchange-traded funds ( ETFs ), acknowledging their usefulness yet recommending more tangible assets. According to Kiyosaki, investment funds make the lives of average investors easier, likely alluding to their hands-off nature, but they are no substitute for holding the real ...
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