Robert Kiyosaki, author of the popular book “Rich Dad Poor Dad”, is very active on social media. He regularly provides investment advice, especially on investing in Bitcoin in addition to gold and silver. Kiyosaki never gets tired of describing these assets as a way to get rich, and even at a time when gold, silver and bitcoin have fallen drastically in recent times, he continues to advocate buying them.
Warren Buffett and Kiyosaki face to face on Bitcoin
Robert Kiyosaki’s social media posts are becoming increasingly viral, and now he has shared a long post about Warren Buffett, the world’s legendary investor and included in the top 10 list of billionaires. In this he has responded to Warren Buffett’s criticism of Bitcoin. In a Twitter (now X) post, he wrote that Warren Buffett calls investing in Bitcoin speculative, but I consider Bitcoin, Ethereum and other cryptocurrencies “people’s money.”
What did Kiyosaki write in the post?
“Warren Buffett has criticized Bitcoin. He is arguably the smartest and probably the richest investor in the world. While criticizing Bitcoin, he said that it is not an investment but a form of speculation and gambling,” the author of “Rich Dad Poor Dad” wrote in his viral social media post. Kiyosaki said that Buffett is saying that a big shock will wipe out those investing in Bitcoin. From his worldly perspective, he may be right, but he is still selling stocks, bonds, and other Wall Street-related assets. He raised a serious question, asking, “Doesn’t Warren Buffett know that the stock market is falling, real estate is declining, and the world’s safest investment, US government bonds, are currently being sold by the Japanese and Chinese central banks?”
Kiyosaki said, “I have Bitcoin
Responding to Warren Buffett’s criticism, Robert Kiyosaki wrote in a lengthy post, “I own gold mines, gold and silver coins for the same reason I own cryptocurrencies like Bitcoin and Ethereum.” He added, “I invest in these cryptocurrencies knowing that they can go up and then go down rapidly. Because the US Fed, the US Treasury, and Buffett cannot create Bitcoin or cryptocurrencies.” According to Kiyosaki, “I don’t trust the Fed, the Treasury, or Wall Street; I consider their money ‘fake money,’ but Buffett trusts them.”
“I don’t live in a paper house…”
Kiyosaki did not stop here. Quoting his tweets (X posts), he said, “If you see my posts, I consider physical gold and silver as God’s money, and I consider Bitcoin, Ethereum and other cryptocurrencies as people’s money.” He added, “I also don’t invest in fake paper money, paper real estate (REITS), ETFs, stocks, bonds, and mutual funds—these are all fake currencies. I don’t live in a paper house, put paper gas in my car, or eat paper apples for breakfast. Why should I invest in paper assets when real assets exist? I own real gold, silver, and Bitcoin.”
Depositing fake money is very foolish
Robert Kiyosaki wrote in his post that he invests in these assets because he is not a fool. He failed high school and his English teacher thought he couldn’t write. But today, he has been an international bestselling author for over 25 years. He said that hoarding fake money is foolish. You can invest in it if you want, but I prefer real or public money. Kiyosaki said that as the purchasing power of the US dollar decreases, the value of Bitcoin increases. Take care!