“Warren Buffet is perhaps the smartest and possibly the richest investor in the world. He is destroying Bitcoin by saying it is not an investment… it is speculation… i.e. gambling. He says one blow will wipe out the Bitcoiners. And from his worldly view, he may be right. Yet WB is selling stocks, bonds and other Wall Street manufactured “assets”. be “dumped” by the Japanese and Chinese central banks?” he tweeted.Kiyosaki’s endorsement of Bitcoin comes amid growing doubts about the risk-prone cryptocurrency, which fell below $90,000 on Tuesday for the first time in seven months. In addition, BTC erased 2025 gains and is now down nearly 30% from a peak above $126,000 in October. Concerns have erupted as hopes for US Fed rate cuts in December remain uncertain.
Also read: $1 trillion disappeared in 6 weeks! Is this the big crypto crash everyone feared? Bitcoin dips below $90,000The famous author expressed his distrust in the Federal Reserve Bank, US Treasury or Wall Street and said that he owned gold mines, gold and silver for the same reason he owns BTC and ETH.“I own gold mines, gold and silver coins for the same reason I own Bitcoin and Ethereum. My reason is: I don’t trust the Federal Reserve Bank, the US Treasury or Wall Street. Apparently Buffett does. I think they’re tight. I invest in Bitcoin and Ethereum knowing they can prosper and fail, because neither the Fed, the US Treasury, nor Buffet can produce Bitcoin or crypto,” Kiyosaki said.“If you have been following my ‘Tweets’, I classify real gold and silver as ‘God’s Money’. I classify Bitvoin, Ethereum and crypto as ‘People’s Money’. I classify money from the Fed, the US Government and Wall Street as ‘Fake Money’. I own real gold, silver and Bitcoin… I will never invest in gold, silver or Bitcoin ETFs….Fake Gold, Silver and Bitcoin….Wall Street or Buffer’s money.
Buffett claims that Bitcoin has no intrinsic value and produces nothing. Kiyosaki responds that its scarcity – only 21 million Bitcoins will ever exist – makes it superior to fiat money.
“Government money is unlimited,” he said. “Fake government money is infinite. That means Bitcoin increases in value as the US dollar loses purchasing power.”
Slamming ETFs, REITs and “paper assets.”
Kiyosaki extended his criticism to exchange-traded funds and REITs, calling them “counterfeit money” because they are financial representations and not tangible assets.
“I don’t live in a paper house and don’t put paper gas in my car,” he wrote. “Why should I invest in paper assets when real assets are available?”
A broader warning: ‘Savers are losers’
Kiyosaki repeated his most controversial mantra, saying that saving cash is foolish in a system where the government is constantly printing money to pay its bills.
“You don’t need an MBA to know that the government can’t keep printing money,” he said. “Saving endlessly printed money is stupid.”
He sees an inevitable decline in the purchasing power of the US dollar.
https://x.com/theRealKiyosaki/status/1990339571801080275?s=20
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