Robert Kiyosaki Says 'Bitcoin, Gold, And Silver Are The Future' — Here's' Why He Avoids ETFs

Robert Kiyosaki, famed for "Rich Dad Poor Dad," has once again cast doubt on the established financial order by zeroing in on Bitcoin exchange-traded funds. 

A recent X post outlined his belief that tangible assets like gold, silver, and Bitcoin offer genuine value far beyond digital representations. Kiyosaki dismisses ETFs as artificial constructs meant to obscure true asset worth. 

He further stated on the post, "Do what is best for you, but I would never buy gold, silver, or Bitcoin ETFs. In my opinion, ETFs are as fake as the U.S. dollar and U.S. bonds."

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Bitcoin ETF Showdown

Bitcoin ETFs were developed to simplify exposure to digital currency without the hassle of managing private keys or dealing with self-custody challenges. 

Yet Kiyosaki sees them as a byproduct of a traditional financial system that benefits Wall Street at the expense of individual investors. He believes relying on these funds means sacrificing real control.

For him, holding physical gold, silver, or Bitcoin is the only true defense against financial instability.

Since the U.S. Securities and Exchange Commission approved Bitcoin ETFs in early 2024, market enthusiasm has soared. Barron's reported that the iShares Bitcoin Trust IBIT has attracted $53 billion in investments, outpacing the Fidelity Wise Origin Bitcoin Fund's FBTC $21 billion and the Grayscale Bitcoin Trust ETF GBTC $16.26 billion. 

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Overall, U.S.-listed Bitcoin ETFs have accumulated roughly $120 billion in assets, according to the Financial Times.

Contrasting sharply with Kiyosaki's outlook, several industry experts see merit in these products. Reuters reports that many traditional hedge funds are embracing Bitcoin ETFs. By the fourth quarter of 2024, Millennium Management held approximately $2.6 billion in crypto ETFs, according to CoinShares. During the same period, Capula Management reported nearly $9.4 billion in holdings of IBIT and FBTC, according to BlockBeats.

Additionally, Strive Asset Management CEO Matt Cole has publicly advocated for GameStop GME to invest its substantial cash reserves into Bitcoin. 

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In a letter dated Feb. 24 addressed to GameStop GME CEO Ryan Cohen, Cole said the company, with nearly $5 billion in cash reserves, is in a strong position to reshape its financial future by making Bitcoin its primary treasury asset. 

Cryptocurrency analyst Michael Casey has also pointed out that, despite volatility, Bitcoin offers significant potential for high returns and portfolio diversification.

In an interview on the "Daniela Cambone Show," Kiyosaki expressed his skepticism towards ETFs and emphasized the value of holding physical assets. He stated, “I don’t trust the Fed, the Treasury, or Wall Street. That’s why I own gold, silver, and Bitcoin.” 

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