Robert Kiyosaki, author of the renowned book 'Rich Dad Poor Dad', has issued warnings about the risks associated with investing in crypto ETFs and emphasized the significance of physical assets.
Limitations of Paper Investments
Kiyosaki urged investors to 'beware of paper', referring to financial assets that do not provide direct ownership. He noted that while crypto ETFs are convenient for average investors, they do not replace the value of real assets.
Kiyosaki on Crypto ETF Benefits
Despite his warnings, Kiyosaki acknowledged that Gold ETFs, Silver ETFs, and Bitcoin ETFs can be suitable for average investors. He emphasized that these instruments should be used with an understanding of their limitations, highlighting liquidity and convenience.
Renewed Interest in Bitcoin and Ethereum ETFs
Amid Kiyosaki's concerns, crypto ETFs began to see renewed investment flow, with $226 million in inflows last week. Specifically, Ethereum ETFs showed strong demand, registering $231.2 million in inflows in one day.
Robert Kiyosaki emphasizes the importance of owning physical assets and cautions investors about the risks of paper investments, despite the growing interest in crypto ETFs.
