Post
Topic
Board Bitcoin Discussion
Re: Robert Kiyosaki Cautions Against Bitcoin ETFs
by
Yaunfitda
on 04/07/2024, 11:58:56 UTC
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.
I think it's obvious that we want total control of our Bitcoin, but I do think that there are investors that are not technically inclined and that's why they preferred this kind of ETF and other financial Bitcoin instrument so that they don't need to complicate things on their end. So it's a good advise, but then again, there are a lot of set of investors right now in the market, like the rest of us, average joe and then big clients who wanted to invest tru ETF, and then whales and institutions like Michael Saylor and others. So different folks different strokes, but at the end of the day, it's just the same, money invested in the market, potential to make money in the future.