A fresh clash of financial philosophies erupted online after Rich Dad Poor Dad author Robert Kiyosaki reacted to Warren Buffett’s long-standing dismissal of Bitcoin. In a detailed post on X, Kiyosaki argued that while Buffett considers Bitcoin “speculation,” he sees it as a hedge against what he describes as a failing traditional financial system.
Kiyosaki Responds to Buffett’s Bitcoin Skepticism
In his tweet, Kiyosaki highlighted that Buffett — often hailed as one of the world’s most successful investors — has repeatedly rejected Bitcoin as a legitimate investment.
He quoted Buffett’s view, “Warren Buffet trashes BITCOIN… He trashes Bitcoin saying it is not investing…. it is speculation….. ie gambling. He is saying a blow off top will wipe out Bitcoiners.”
Kiyosaki noted that from Buffett’s worldview, such criticism may appear reasonable. But he pushed back sharply, arguing that traditional markets themselves are far from stable.
He wrote, “Doesn’t WB know that stocks crash, real estate crashes, and US govt Bonds the ‘safest’ investments in the world are at present being ‘dumped’ by the Japanese and Chinese Central Bsnks?”
“I Do Not Trust the Fed”: Kiyosaki Defends His Asset Choices
Kiyosaki reiterated that his investment philosophy is rooted in distrust of centralised financial institutions — including the Federal Reserve, the US Treasury and Wall Street.
He said, “My reason is: I do not trust the Federal Reserve Bank, US Treasury, or Wall Street. Apparently Buffet does. I think they’re tight.”
The bestselling author explained that he prefers real assets such as gold, silver and crypto because they cannot be created or manipulated by governments or banks.
He added, “I invest in Bitcoin and Ethereum knowing they can boom and bust, because the Fed, the US Treasury, nor Buffet can produce Bitcoin or crypto.”
Kiyosaki also restated his long-held categorisation of asset types, saying, “I classify real gold and silver as ‘God’s Money.’ I classify Bitvoin, Ethereum and crypto as ‘People’s Money.’ I classify Fed, US Government, and Wall Street money as ‘Fake Money.’”
Critique of ETFs, REITs and the Education System
Attacking paper-backed instruments, Kiyosaki said he avoids crypto ETFs, gold ETFs and REITs, calling them “fake” because they aren’t physical assets.
He wrote:
“ETFs and REITS are along with stocks, bonds, mutual funds….printed money….aka ‘counterfeit money.’”
He argued that the lack of financial education in schools leads people to rely on such instruments.
He said, “The reason why most people invest in fake assets is because our Marxist school systems do not teach financial education.”
Bitcoin vs Government Money: “Savers Are Losers” Argument Returns
Kiyosaki once again contrasted Bitcoin’s fixed supply with what he calls “unlimited printing” by governments.
He emphasised, “There will be only 21 million Bitcoins. Fake Government money is unlimited….infinite.”
According to him, this dynamic guarantees that the value of the US dollar will continue to fall.
He referenced his earlier controversial statement, “That is why 25-years ago, in Rich Dad Poor Dad, I was attacked for saying ‘Savers are Losers.’”
Kiyosaki concluded by saying that one does not need elite education to understand the dangers of excessive money printing:
“You do not need to be a graduate of Harvard or Yale to know that saving fake ‘infinitly printed’ money is stupid.”