Robert Kiyosaki Slams Bitcoin ETFs, Sees Them as Tools of the Financial Elite

Robert Kiyosaki, the author of Rich Dad Poor Dad, has voiced strong criticism against Bitcoin Exchange-Traded Funds (ETFs), describing them as instruments of the financial elite.

In a recent post, he dismissed Bitcoin ETFs as nothing more than “bankster’s money,” arguing that they compromise Bitcoin’s core values of decentralization and independence.

Kiyosaki compared Bitcoin ETFs to gold and silver ETFs, denouncing them as part of the same corrupt financial system he has long opposed. He made it clear that he would avoid investing in Bitcoin ETFs, referring to them as “fake” and urged others to protect their wealth by holding physical gold, silver, and actual Bitcoin instead, free from what he sees as manipulative financial institutions.

Known for his criticism of traditional financial systems, Kiyosaki has long advocated for alternative assets. He has frequently expressed his skepticism about centralized monetary systems, particularly targeting the U.S. dollar, the Federal Reserve, and large banking institutions. According to Kiyosaki, Bitcoin may have its issues, but they pale in comparison to the flaws he perceives in the traditional banking system, where he accuses institutions of covering up their failures and bailing out banks after disastrous losses.

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Kiyosaki also warned that the financial system may be on the brink of collapse and encouraged people to prepare for the possible fallout by securing their wealth in physical assets. While his repeated predictions of economic crashes have been met with skepticism, Kiyosaki remains resolute in his stance that Bitcoin, along with gold and silver, offers a hedge against market downturns.

Despite recent declines in Bitcoin’s price, Kiyosaki sees the lower values as an opportunity to buy, viewing the current downturn as a “sale.” He maintains an optimistic outlook on Bitcoin’s future, forecasting that the cryptocurrency could reach new all-time highs in 2025. Kiyosaki predicts Bitcoin will trade between $175,000 and $350,000 this year, a slight adjustment from his earlier prediction of $500,000 by 2025. Though his forecast may seem ambitious given Bitcoin’s current struggles, Kiyosaki believes the ongoing support for cryptocurrencies from governments and other factors will drive future growth.

Alexander Zdravkov