Investers Alart:$BTC

Investor and financial educator Robert Kiyosaki warned of the potential danger from holding paper Bitcoin and precious metals through instruments such as exchange-traded funds (ETFs).

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Kiyosaki said that although ETFs make certain asset classes more accessible to investors and lower the barrier to entry, the investor does not physically hold the underlying asset. He wrote on Friday:

"An ETF is like having a picture of a gun for personal defense. Sometimes it's best to have real gold, silver, Bitcoin, and a gun. Know the differences when it is best to have real and when it's best to have paper."

In May, he told investors to ditch "fake money" for bearer assets like BTC, gold and silver to counteract the effects of inflation and the decline of the US dollar.