Robert Kiyosaki warns of the risk posed by BTC, gold and silver ETFs

The investor warned against fraudulent paper claims made on hard assets, but ETF analysts told Cointelegraph that the fear is unfounded.

Investor and financial educator Robert Kiyosaki warned of the potential danger from holding paper Bitcoin (BTC) and precious metals through instruments such as exchange-traded funds (ETFs).

Kiyosaki said that although ETFs make certain asset classes more accessible to investors and lower the barrier to entry, the investor does not physically hold the underlying asset. He wrote on Friday:

In May, he told investors to ditch “fake money” for bearer assets like BTC, gold and silver to counteract the effects of inflation and the decline of the US dollar.

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