🌎 Robert Kiyosaki Warns Against Bitcoin ETFs

Renowned Author Robert Kiyosaki Warns Against Bitcoin ETFs, Advocates Direct Ownership

Protection Against a Corrupt Banking System

Robert Kiyosaki, author of “Rich Dad Poor Dad,” has issued another warning against investing in exchange-traded funds (ETFs) for Bitcoin and precious metals. He emphasizes the importance of direct ownership as a means of protection against what he describes as a corrupt banking system.

In a recent post, Kiyosaki advised against investing in gold, silver, or Bitcoin ETFs, labeling them “banksters’ money.” He highlighted the distinctions between traditional financial instruments and direct asset ownership, particularly amid his predictions of financial system failure.

“Is BITCOIN a SCAM? It might be…. But not as big a scam as the US Dollar and the US Banking System…. Starting with the Fed,”

Kiyosaki characterized central bankers as “BANKSTERS” who receive government bailouts after losing billions, arguing they “should go to jail” instead.

Bitcoin Price Volatility and Investment Opportunities

Kiyosaki’s commentary comes during a period of Bitcoin price volatility. On February 27, as cryptocurrency prices declined, Kiyosaki viewed the downturn as an opportunity, declaring “BITCOIN CRASHING. Bitcoin is on SALE. I AM BUYING.” He attributed the underlying issues not to Bitcoin itself but to America’s monetary system and banking sector.

Tips for investors:

Consider direct ownership of assets, such as Bitcoin and precious metals, for protection against a corrupt banking system.
Be cautious of ETFs, which may not offer the same level of security as direct ownership.
Keep an eye on market trends and be prepared to invest during periods of price volatility.

U.S. Financial Situation and Potential Economic Collapse

Kiyosaki spoke about the U.S. financial situation, claiming the country faces bankruptcy with over $230 trillion in combined debt when including social programs and unfunded liabilities beyond the official $36 trillion national debt. He predicted that when major holders like Japan and China stop purchasing U.S. bonds, “inflation will go through the roof,” potentially causing economic collapse and dollar devaluation.

Predictions for Precious Metal Prices

The financial author has consistently advocated for tangible assets during economic uncertainty. In a separate post focusing on silver, Kiyosaki suggested the metal is positioned for notable growth. He predicted a rise from approximately $32 per ounce to $70 within a year once gold breaks through $3,000.