Financial commentator Robert Kiyosaki has fired back at Warren Buffett after the legendary investor dismissed Bitcoin as speculation rather than true investing.
In a lengthy post, Kiyosaki argued that Buffett’s stance shows his trust in Wall Street and the U.S. financial system.
Kiyosaki on Buffett’s BTC Warning
Buffett has long criticized Bitcoin, most recently suggesting that a major blow-off top could wipe out investors. Kiyosaki acknowledged that Buffett is “arguably the smartest and richest investor in the world,” but said the critique ignores the risks in the traditional assets Buffett champions.
He pointed to repeated crashes in stocks, real estate, and even U.S. government bonds, stressing that major global holders like Japan and China have already been reducing their Treasury exposure.
From Kiyosaki’s perspective, Buffett’s view is shaped by a system that works in his favor. He believes Wall Street-manufactured financial products are far from safe and sees Bitcoin as protection from that system, regardless of its volatility.
Gold, Silver, Bitcoin: Kiyosaki’s “Real” Money
Kiyosaki, repeating a theme he’s promoted for years, divides wealth into three types:
- “God’s money” – physical gold and silver
- “People’s money” – Bitcoin, Ethereum, and other cryptocurrencies
- “Fake money” – government-issued currency and Wall Street products
He says he owns gold, silver, Bitcoin, and Ethereum because they can’t be printed or created by central banks.
Kiyosaki also criticized ETFs, REITs, and other “paper assets,” calling them Wall Street’s version of fake money. While many investors like ETFs for convenience, he says he would never hold paper versions of gold, silver, or Bitcoin when the real thing is available.
Mistrust of the U.S. Financial System
Kiyosaki links his investment approach to a deep distrust of major U.S. institutions. He says the Federal Reserve is not truly federal, has no real reserves, and can’t protect people’s purchasing power.
He also warns that the U.S. Treasury will issue massive new debt, which he believes will benefit wealthy investors holding Treasuries while hurting ordinary people through inflation and higher taxes.
For Kiyosaki, this is why he invests outside the traditional system, not because of formal training, but simple logic. He argues most people buy “fake assets” because schools don’t teach real financial education, a gap he tries to fill with his books and the Cashflow board game.
Bitcoin’s Fixed Supply Maks it Valuable
Kiyosaki concluded by highlighting Bitcoin’s key appeal: its limited supply. With only 21 million coins, he believes its value will rise as governments keep printing money to cover deficits. He sees the U.S. dollar’s decline as inevitable, making saving in cash “stupid,” just as he warned in Rich Dad Poor Dad over 20 years ago.