Most people invest in Bitcoin already Financially successful. Seeing their success, many have decided to invest. But as a new investor, be careful in (ETF) investing. Robert Kiyosaki warns against investing in Bitcoin exchange-traded funds (ETFs). He prefers to invest in real bitcoins, calling bitcoin ETFs fake bitcoins.Last Thursday, Kiyosaki explained on social media platform X why he doesn't invest in bitcoin ETFs, saying he avoids them "for the same reason" he doesn't buy gold or silver ETFs.
Bitcoin ETF is useless! Especially when it is extremely easy to buy real Bitcoins from the market or from an exchange. If both case, the investors will have to produce KYC documents. So it really makes no difference for an investor if he/she wants to ditch ETF and move to real Bitcoin.
The only concern is security. A lot of people are not tech savy or they do not want to manage their own funds. That's where ETFs come in handy. It's secure to own ETF units than real bitcoin because then the investor do not have to worry about the security of their investment. That's the only field where ETF makes sense! otherwise, it's all in the hand of a corporate.