The author of "Rich Dad Poor Dad" describes Bitcoin ETF funds as fake!
“Robert Kiyosaki,” the author of “Rich Dad Poor Dad,” continues his criticism of the traditional financial system, considering Bitcoin exchange-traded funds to be fake like other financial instruments that he sees as misleading.
“Kiyosaki” believes that the financial markets are facing a significant collapse, as he previously warned in his book “Rich Dad’s Prophecy,” making today’s retirees more vulnerable compared to the previous generation that relied on guaranteed pension plans.
“Kiyosaki” sees that limited financial education causes uninformed investors to depend on traditional financial products, putting them in a weak position against Wall Street and political influence.
Therefore, he recommends holding real assets like gold, silver, and Bitcoin instead of paper financial instruments or derivatives like exchange-traded funds, which he considers just an additional layer separating investors from actual ownership.
Despite Bitcoin's price dropping by 1.2% over the past week, and the overall market declining by 11.5% according to “CoinGecko,” “Kiyosaki” remains convinced that real assets are the solution to protect wealth in unstable times.
