Bitcoin Updates: Kiyosaki and Buffett Clash—Debate Over "Money for the People" Versus Wealth on Paper

Bitcoin’s recent slide below $90,000 has sparked renewed discussion about the outlook for digital currencies. Financial commentator Robert Kiyosaki has sharply criticized Warren Buffett’s ongoing skepticism about crypto. In a post dated November 17, Kiyosaki, the author of Rich Dad Poor Dad, contended that Buffett’s view of

as nothing more than speculation overlooks the dangers present in conventional markets, where, as Kiyosaki points out, stocks, real estate, and government bonds have all suffered major downturns . “WARREN BUFFET trashes BITCOIN... Doesn’t WB realize that stocks can crash, real estate can plummet, and even US government bonds—considered the world’s ‘safest’ investments—are currently being offloaded by central banks in Japan and China?” Kiyosaki posted on X .

Buffett, a long-standing critic of Bitcoin, has repeatedly asserted that the cryptocurrency “doesn’t generate anything,” drawing a distinction between it and productive assets such as businesses or farmland.

Berkshire Hathaway’s portfolio, which includes $308.9 billion in stocks, with Apple and Bank of America among its largest positions. At the same time, Buffett’s cash holdings have reached a record $381.7 billion, reflecting a cautious stance as markets approach record levels . In contrast, Kiyosaki describes Bitcoin as a safeguard against a financial system he distrusts, calling it “People’s Money,” while dismissing fiat currencies and Wall Street financial products as “Fake Money” .

This ongoing debate comes as Bitcoin ETFs see significant withdrawals,

the sector in just one week as investor interest wanes. Michael Saylor, CEO of MicroStrategy and a well-known Bitcoin supporter, refuted claims that the company was selling its Bitcoin, pledging to keep adding to their holdings. He by 2025, despite MicroStrategy’s stock falling 4.2% as Bitcoin hovered near $96,500.

Kiyosaki’s criticism also targeted traditional investment vehicles like ETFs and REITs, which he dismissed as “printed money” and “counterfeit.” He

such as gold, silver, and Bitcoin, arguing that these cannot be manipulated by central banks. “I don’t live in a paper house or eat paper apples. Why would I put my money into paper assets when real ones are available?” he said .

The differing viewpoints underscore broader disagreements over how to allocate assets.

combined with a $100 million Bitcoin investment, are being promoted as a balanced approach. Cardone claims that blending the steady returns of real estate with Bitcoin’s price swings delivers “the best of both worlds,” using rental income to buy more crypto. This strategy stands in contrast to pure crypto treasuries, which during market downturns.

As the cryptocurrency sector faces regulatory and economic challenges, Kiyosaki’s stance reflects a growing distrust of centralized financial systems, while Buffett’s approach highlights confidence in established stocks and cash. With Bitcoin’s value holding above $96,000, the discussion about its place in long-term investment portfolios remains as heated as ever.