Author of "Rich Dad Poor Dad": BTC and ETH are "people's currencies" and are more trusted than the TradFi system.

According to Deep Tide TechFlow news, on November 17, Robert Kiyosaki, the author of “Rich Dad Poor Dad”, posted on social media stating that Buffett said Bitcoin is not an investment but a speculative behavior, and predicted 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, and 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 Federal Reserve, the U.S. Treasury, and Wall Street. He classifies real gold and silver as “God's money,” categorizes Bitcoin, Ethereum, and others as “people's money,” and labels the currency 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 “fake assets” such as gold ETFs, silver ETFs, or Bitcoin ETFs. Kiyosaki believes that since the total supply of Bitcoin is limited to 21 million coins and government currencies can be printed indefinitely, the value of Bitcoin will rise as the purchasing power of the dollar decreases.