Robert Kiyosaki was not a fan of the traditional financial system. The author of “The Poor Dad of a Rich Father” has long criticised Wall Street, Fiat currency and investment products that he sees as misleading. Now he makes it clear – Bitcoin ETF? In his view, it’s fake, just like everything else.
His stance comes in what he sees as a long-anticipated financial crisis. Kiyosaki says the stock market crash crash is warning with a prophecy from a rich father, and is the most violent attack on the baby boomer generation.
Unlike previous generations who defined profit annuities that guarantee payments, today’s retirees rely on plans to pay only what remains after crash. That’s the risk, and Kiyosaki believes most people don’t even recognize it.
He argues that the issue begins with financial education. Or lack of it. Schools don’t teach how money really works, he says, making people vulnerable to political influence, financial products designed for institutions rather than individuals.
result? A system in which unknown investors trust traditional financial products – often falling into their losses.
So what’s the alternative?
Kiyosaki proposes to hold actual assets. Physical Gold, Silver, Bitcoin – What you actually own, not just on paper. That’s where his skepticism about ETFs comes into play.
Whether backed by Bitcoin, Gold or Silver, he doesn’t consider them to be authentic. The ETF, in his view, is no different from Fiat currency or government bonds. It’s another layer between investors and actual ownership.
Meanwhile, Bitcoin prices have fallen 1.2% over the past week, but according to Coingecko, the broader cryptocurrency market saw a decline of 11.5%.
Still, Kiyosaki is based not on paper, but on his belief that true assets are a way to protect wealth in times of uncertainty.
