Robert Kiyosaki Defends Bitcoin, Ethereum as “People’s Money” Amid Criticism

Veteran investor Robert Kiyosaki defended Bitcoin BTC and Ethereum ETH amid a recent price drop, calling them "people's money" in response to Warren Buffett's criticism. Buffett labeled Bitcoin as speculation, suggesting a potential "blow-off top" could harm investors.

Kiyosaki highlighted risks in traditional financial markets and criticized the US financial system.
He holds assets like gold, silver, Bitcoin, and Ethereum due to distrust in the Federal Reserve, US Treasury, and Wall Street.
Berkshire Hathaway, Buffett's company, recently invested $4.3 billion in Alphabet shares, boosting its stock by 7%.
Kiyosaki compared physical gold and silver to "God's money," while digital currencies are "people's money."
He criticized ETFs and REITs as "counterfeit" assets and has supported Bitcoin and ETH in retirement funds.
His investment strategy is driven by skepticism towards government fiscal policies and concerns about national debt and inflation.