TechFlow, November 17 — Robert Kiyosaki, author of "Rich Dad Poor Dad," posted on social media stating that Warren Buffett has called Bitcoin speculation rather than investment and predicted a bursting bubble would severely hurt Bitcoin investors. However, the stocks and bonds Buffett promotes—Wall Street assets—are also at risk of collapse, with central banks in Japan and China currently selling U.S. Treasury bonds, long considered the "safest investment."
Kiyosaki said he holds gold mines, gold and silver coins, as well as Bitcoin and Ethereum, due to his distrust of the Federal Reserve, the U.S. Treasury, and Wall Street. He classifies physical gold and silver as "God's money," Bitcoin and Ethereum as "the people's money," and currencies issued by central banks and governments as "fake money."
He emphasized greater trust in blockchain technology over traditional accounting firms and stated he would never invest in "fake assets" such as gold ETFs, silver ETFs, or Bitcoin ETFs. Kiyosaki believes that because Bitcoin has a hard cap of 21 million coins while government currencies can be printed infinitely, Bitcoin's value will rise as the dollar's purchasing power declines.
