Private finance writer Robert Kiyosaki is cautioning in opposition to having Bitcoin (BTC) publicity by exchange-traded funds (ETFs) quite than holding actual cash.
In a brand new submit on the social media platform X, the Wealthy Dad Poor Dad writer refers to Bitcoin ETF shares as “paper,” emphasizing that it’s nonetheless higher to personal the true asset instantly quite than depend upon establishments for publicity.
“BEWARE of PAPER.
I notice ETFs make investing simpler for the typical investor….so I do suggest ETFs for the typical investor. But I lengthen these phrases of warning.
For the typical investor, I like to recommend:
Gold ETFs
Silver ETFs
Bitcoin ETFs
But an ETF is like having an image of a gun for private protection.
Typically it’s greatest to have actual gold, silver, Bitcoin, and a gun.
Know the variations when it’s best to have actual and when it’s greatest to have paper.
If you already know the variations and find out how to use them…. you’re higher than common.
Take care.”
Kiyosaki’s warning comes amid an explosion out there cap of all Bitcoin ETFs. The most recent numbers from the crypto information aggregator Coinglass present that Bitcoin ETFs collectively maintain a market cap of $152.73 billion.
On the high of the listing is BlackRock’s iShares Bitcoin Belief (IBIT) with a market cap of $86.11 billion, adopted by Constancy Clever Origin Bitcoin Fund (FBTC) and Grayscale Bitcoin Belief ETF (GBTC) with market caps of $23.14 billion and $21.33 billion, respectively.
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