'Rich Dad Poor Dad' Author Kiyosaki Issues Important Bitcoin ETF Warning

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Robert Kiyosaki, author of 'Rich Dad Poor Dad' votes against Bitcoin ETFs, calling them fake

, the renowned author of"Rich Dad Poor Dad," has expressed his skepticism regarding Bitcoin ETFs. He stated that he would not purchase them, drawing parallels to his views on the same instruments for gold and silver. Looking for Next XRP? Pay Attention to Meme Coins, Says Top Analyst

Ethereum Bounce From $3,400 Imminent? Solana Reversal Started: Here's Next Target, What's Happening With Shiba Inu ? The concerns center on the authenticity of ETFs. He highlighted that a gold ETF, for instance, can sell the same ounce of gold multiple times, making it a poor substitute for owning physical gold. This, he explained, is why he prefers to hold real gold, silver and Kiyosaki's stance is consistent with his long-standing criticism of traditional financial market instruments and the Federal Reserve's monetary policies.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Revolutionizing Tech: Universal Tech Expo 2024 Ignites Innovation in the Heart of Southeast Asia

 

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