Robert Kiyosaki has raised alarms about exchange-traded funds (ETFs) for Bitcoin (BTC) and precious metals, emphasizing the perils of not owning the actual assets. He draws a parallel, suggesting that relying on ETFs is akin to having only images of firearms for defense. His advice? Invest in real, tangible assets.
In contrast, ETF analyst Eric Balchunas reassured that ETFs are securely backed by physical assets, promising a one-to-one ratio. He emphasized that the ETF industry has a solid historical reputation and that concerns about fraud are largely unfounded.
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