Robert Kiyosaki warns of the risk posed by BTC, gold and silver ETFs
Main Idea
Robert Kiyosaki warns about the risks of BTC, gold, and silver ETFs, claiming they are fraudulent paper claims on hard assets, while ETF analysts argue these concerns are unfounded.
Key Points
1. Robert Kiyosaki compares ETFs to 'having a picture of a gun for personal defense,' advocating for holding real assets like gold, silver, and Bitcoin instead.
2. Kiyosaki previously advised investors to avoid 'fake money' in favor of bearer assets like Bitcoin, reflecting concerns about financial institutions' liquidity reserves.
3. ETF analyst Eric Balchunas counters Kiyosaki's claims, stating ETFs have a 30-year track record of integrity and legally require proper asset backing.
4. Balchunas suggests ETFs may be a safer option for wealthy Bitcoin investors compared to self-custody.
Description
The investor warned against fraudulent paper claims made on hard assets, but ETF analysts told Cointelegraph that the fear is unfounded.
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