According to Mars Finance, “Rich Dad Poor Dad” author Robert Kiyosaki stated on social media that Buffett claims Bitcoin is not an investment but a speculative behavior, predicting that the bubble burst will severely impact Bitcoin investors. However, the stocks, bonds, and other Wall Street assets sold by Buffett also carry the risk of collapse. Currently, the Central Banks of Japan and China are dumping what are considered the “safest investments,” U.S. Treasury bonds. Kiyosaki claims to hold gold mines, gold and silver coins, as well as Bitcoin and Ethereum, due to his distrust of the Fed, the U.S. Treasury, and Wall Street. He classifies real gold and silver as “God's money,” Bitcoin and Ethereum as “people's money,” and the currency issued by the Fed and government as “fake money.” He emphasizes that he trusts blockchain technology more than traditional accounting firms and states that he will never invest in gold ETFs, silver ETFs, or Bitcoin ETFs, which he considers “fake assets.” Kiyosaki believes that since the total supply of Bitcoin is limited to 21 million coins, while government currency can be printed indefinitely, Bitcoin's value will rise as the purchasing power of the dollar declines.
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