Financial educator and Rich Dad Poor Dad author Robert Kiyosaki is once again voicing skepticism about the latest market trend—crypto ETFs.
While these investment vehicles have become a popular entry point for traditional investors, Kiyosaki warns they may offer more illusion than substance.
In a recent post on X, Kiyosaki drew a striking comparison, suggesting that owning a crypto ETF is like carrying a photo of a gun for self-defense—it looks real but is powerless when needed. Though he admits ETFs may benefit average investors by simplifying access to crypto markets, he insists that true security lies in owning the underlying asset itself, not a derivative.
This isn’t the first time Kiyosaki has taken aim at ETFs. He’s previously described them as “fake,” likening them to the U.S. dollar and government bonds—financial tools he believes are detached from tangible value. While he now acknowledges the role ETFs play, his core concern remains unchanged: they don’t offer real ownership or protection in times of crisis.
As digital assets continue to enter the mainstream via financial products like spot Bitcoin and Ethereum ETFs, Kiyosaki’s cautionary voice stands out. For him, holding physical gold, silver, or direct custody of Bitcoin still trumps any paper substitute.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/heres-why-robert-kiyosaki-thinks-crypto-etfs-are-a-dangerous-illusion/