"Rich Dad Poor Dad" Author: BTC and ETH Are "People's Money", Trusts Blockchain More Than Traditional Financial Systems

According to ChainCatcher, Robert Kiyosaki, author of "Rich Dad Poor Dad," stated on social media that Buffett claims Bitcoin is not an investment but a speculative activity, and predicts that a bubble burst would severely impact Bitcoin investors. However, the stocks, bonds, and other Wall Street assets sold by Buffett also face the risk of collapse. Currently, the central banks of Japan and China are selling off U.S. Treasury bonds, which are considered the "safest investments."

Kiyosaki said he holds gold mines, gold and silver coins, as well as Bitcoin and Ethereum, because he does not trust the Federal Reserve, the U.S. Treasury, and Wall Street. He classifies physical gold and silver as "God's money," Bitcoin, Ethereum, and others as "people's money," and currencies issued by the Federal Reserve and the government as "fake money." He emphasized that he trusts blockchain technology more than traditional accounting firms and stated that he would never invest in gold ETFs, silver ETFs, or Bitcoin ETFs, which he calls "fake assets." Kiyosaki believes that since the total supply of Bitcoin is limited to 21 million, while government currencies can be printed infinitely, the value of Bitcoin will rise as the purchasing power of the U.S. dollar declines.