Renowned investor and author Robert Kiyosaki has once again voiced his disdain for Bitcoin Exchange-Traded Funds (ETFs). In a recent X post dated March 1, he labeled the Bitcoin investment product as “bankster’s money,” arguing that these funds undermine the cryptocurrency’s independent spirit. Kiyosaki equates Bitcoin ETFs with gold and silver ETFs, dismissing them as mere extensions of the corrupt financial machine he has long criticized. As reported by Finbold, he has vowed not to invest in Bitcoin ETFs, calling them “fake.”
Alternative Investment Philosophy
Instead of Bitcoin ETFs, Kiyosaki urges investors to safeguard their wealth by holding physical gold, silver, and Bitcoin itself. He believes that these tangible assets offer true protection against the pitfalls of an unstable financial system. His criticism extends to centralized financial systems, where he accuses the U.S. dollar, the Federal Reserve, and major banks of sheltering their failures and bailing out institutions without facing consequences.
Bitcoin Outlook Amid Market Turbulence
Kiyosaki’s latest remarks come at a time when Bitcoin and the broader crypto market are witnessing significant capital outflows and weakening support levels. He suggests that declining Bitcoin prices should be seen as a “sale” and an opportunity to accumulate more of the asset. Despite current market challenges, he maintains a bullish outlook for Bitcoin, predicting that it could reach a new record high in 2025, trading between $175,000 and $350,000. This prediction marks a revision from his previous forecast of $500,000 in 2025 using an unnamed AI tool.
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