Bitcoin News Today: Robert Kiyosaki Warns Crypto ETFs Are Dangerous Illusion Advocates Direct Ownership of Bitcoin and Gold

Robert Kiyosaki, the author of Rich Dad Poor Dad, has reiterated his skepticism toward crypto exchange-traded funds (ETFs), arguing they represent a “dangerous illusion” for investors. In a recent post on X, he drew a vivid analogy, comparing holding a crypto ETF to carrying a photograph of a gun for self-defense—a tool that appears functional but offers no real protection when it matters most [1]. Kiyosaki emphasizes that while ETFs may simplify access to digital assets for average investors, they do not confer true ownership or security during crises. Instead, he advocates for direct ownership of underlying assets, such as Bitcoin, gold, or silver, which he views as the only reliable form of wealth preservation [1].

Kiyosaki’s critique of ETFs is not new. He has previously described them as “fake” financial instruments, equating their value to that of the U.S. dollar and government bonds—both of which he regards as detached from tangible assets. Despite acknowledging the role ETFs play in mainstreaming cryptocurrencies, his core argument remains unchanged: derivatives and paper substitutes cannot provide the same level of security as physical holdings [1]. His stance aligns with broader concerns about the opaque nature of ETF structures, which often rely on third-party custodians and indirect exposure to crypto markets.

As regulatory frameworks evolve, with the approval of spot Bitcoin and Ethereum ETFs in the U.S. and other regions, Kiyosaki’s warnings gain prominence. He contends that the convenience of ETFs masks inherent risks, particularly in times of economic instability. For instance, if a crisis triggers a liquidity crunch or a market collapse, ETFs may not deliver the same immediate access to assets as direct holdings [1]. This perspective highlights a broader debate within the crypto community about the balance between accessibility and control.

The post underscores Kiyosaki’s long-standing preference for tangible assets and direct custody solutions. He argues that investors should prioritize owning the actual cryptocurrencies they believe in, rather than relying on intermediaries or financial instruments that abstract the value chain. This approach, he suggests, is the only way to mitigate risks associated with systemic failures or market manipulation [1].

Source: [1] [Here’s Why Robert Kiyosaki Thinks Crypto ETFs Are a Dangerous Illusion] [https://coinmarketcap.com/community/articles/6883903247f0ca5c1f9bd1ee/]