Well, if there’s one thing Robert Kiyosaki knows, it’s how to stir the pot – this investor and financial yarn-spinner is hollerin’ about the perils of clutching paper Bitcoin, gold, and silver through those slick ETFs. He figures it’s all show and no substance, like promisin’ a feast but servin’ up empty plates. 😂
Kiyosaki admits ETFs lower the gate for folks to jump into these assets, but dang it, you’re not holdin’ the real McCoy – just a fancy IOU. He laid it out clear as a summer day on Friday:
“An ETF is like having a picture of a gun for personal defense. Sometimes it’s best to have real gold, silver, Bitcoin, and a gun. Know the differences when it is best to have real and when it’s best to have paper.” 🤨
Come May, he was already preachin’ to ditch that “fake money” hogwash and latch onto bona fide bearers like BTC, gold, and silver to thumb their noses at inflation and the dollar’s pitiful fade. 💰
His gripes hark back to that eternal circus where banks wave around claims on hard assets they might not even have, like a gambler braggin’ about a full house with nothin’ but deuces. 😏
When the whispers start or a financial twister hits, or worse, proof of pennilessness surfaces, the herd bolts for the exits in what’s charmingly called a bank run. If the joint’s low on cash, it’s a swift slide into chaos, possibly endin’ in a spectacular bust. 🚀💥
ETFs: Spotless as a New Penny? An Analyst Begs to Differ with the Doom
Step in Eric Balchunas, Bloomberg’s top ETF sleuth, who told CryptoMoon that ETFs are fortified better than a frontier fort against such tomfoolery, thanks to the strict divide between issuers and the folks mindin’ the assets. He insists it’s all kosher – one real Bitcoin per share, no sleight of hand. 🙄
“ETFs legally have to put the assets in with the custodian. So, all the shares of the ETF are connected to actual Bitcoin; it’s a one-for-one ratio, there is no paper,” Balchunas said. He gets why crypto crowd’s got their hackles up about old-school finance, but ETFs? They’ve been runnin’ clean for 30 years with a reputation shinier than a polished apple. ✨
Balchunas reckons ETFs might even be a smarter play for Bitcoin bigwigs, ’cause self-storin’ could paint a bullseye on your back for wrench-wieldin’ crooks or ransom schemes that’d make your hair stand on end. 😨
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2025-07-25 22:55