Robert Kiyosaki slams Buffett’s take on crypto even as Bitcoin wipes out

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If you know Robert Kiyosaki, it’s no surprise that he has something to say about crypto skeptics during this latest BTC crash.

After bitcoin took an almost $40,000 swan dive, the Rich Dad, Poor Dad author was quick to take to X to tweet his thoughts, and reignite a seemingly one-sided beef with legendary Berkshire Hathaway CEO Warren Buffett (1).

Buffett is known for calling crypto “rat poison” (2) and has maintained he doesn’t believe anyone should invest in something that produces nothing.

Crypto started losing steam in October, and November has brought on a massive decline. The Street reported that within one 24-hour period, “approximately 122,000 crypto traders have been liquidated and over $310 million has been wiped out” (3). Some argue that the true cost was much higher, almost $400 billion (4).

But many crypto diehards are not put off by these market shakeups, considering the coin’s history of crashes, and Kiyosaki is one of the most vocal supporters of the cause.

On X, Kiyosaki led his extra-long tweet with a declaration that Warren Buffett “trashes” Bitcoin, before explaining that, although the nonagenarian is “arguably the smartest and maybe the richest investor in the world,” the billionaire calls crypto “speculation” and “gambling.”

During the 2022 Berkshire Hathaway annual meeting, Buffett was asked about his bitcoin disdain, and he made his opinion clear (5).

“Now, if you told me you owned all of the bitcoin in the world and you offered it to me for $25, I wouldn’t take it, because what would I do with it? I’d have to sell it back to you one way or another — it isn’t going to do anything,”

The Oracle of Omaha explained that he doesn’t see the value in “something that depends on the next guy paying you more than the last guy got,” and contrasted it with productive assets that produce tangible value, like apartments and farms.

“The apartments are going to produce rentals, and the farms are going to produce food … if I’m trying to get rid of [bitcoin], you know, people will say ‘why should I buy some bitcoin from you? I mean, why don’t you call it Buffettcoin, make your own?’”

Meanwhile, Kiyosaki continued his tweet saying, “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 Banks?”

And although he doesn’t trust the Federal Reserve Bank, U.S. Treasury or Wall Street, “apparently Buffet does.”

While Buffett may have likened bitcoin to the intangible idea of “Buffettcoin,” Kiyosaki said he invests in crypto specifically because Buffett and the government can’t make it:

“I invest in Bitcoin and Ethereum knowing they…