Robert Kiyosaki slams Warren Buffett for ransacking Bitcoin (BTC) and Gold (XAU)

Robert Kiyosaki slams Warren Buffett for ransacking Bitcoin (BTC) and Gold (XAU)


Prominent investor and author of "Rich Dad, Poor Dad", Robert Kiyosaki, continued to support Bitcoin with his YouTube videos and tweets, even though he says he does not approve of BTC.

In his recent video, he takes a stand against famous Berkshire Hathaway CEO Warren Buffett for his persistent criticism of Bitcoin and gold and for his attachment to the US dollar as an asset.

 

 

The latter died due to the incompetence of the Fed and the resulting QE, according to tweets recently published by Kiyosaki.

"I predict Bitcoin will reach $ 75,000 in three years"

In the video, renowned investor and author of financial literacy books, Kiyosaki, reminded the audience of the current QE that continued last week.

He also mentioned that billionaire Paul Tudor Jones recently took a position in Bitcoin , which Kiyosaki believes is a signal for old-school investors to exit the USD and enter the new digital gold - BTC .

Paul Tudor Jones compared the current state of   Bitcoin   to gold and its low price in 1971, which was only $ 35 an ounce. Kiyosaki said that in the following years, XAU reached $ 850. Its current price is $ 1,779.

The investor and author of books on financial literacy has been a strong advocate of silver and gold as safe havens (and recently Bitcoin ). In his recent tweet, he shared his expectations that Bitcoin was worth $ 75,000 in three years. Gold would reach $ 3,000 in one year and silver - (with a current price of $ 17) would drop to $ 40 in five years.

Warren Buffett sits on $ 150 billion in cash and slams Bitcoin: Robert Kiyosaki

The investment guru also mentioned Warren Buffett, who is a staunch hacker of Bitcoin . A few years ago, he called Bitcoin "squared rat poison". Earlier this year, Tron CEO Justin Sun had a charity dinner with Buffett and even presented him with a portfolio containing BTC and TRX .

Conversation with Sun and several other crypto industry leaders ( Litecoin founder Charlie Lee, eToro CEO Yoni Assia, etc. ) did not convince Buffett to change his view on the flagship crypto. However, he believes that the blockchain itself is promising.

In his video, Robert Kiyosaki criticizes Buffett saying that his investment ideas are too old. Kiyosaki has said that Buffett, for the moment, believes that the USD is the best safe haven asset and that he is relying on $ 150 billion in cash.

Not only does Buffett hate Bitcoin , he says, but he also doesn't trust gold and thinks that the stock market is a bubble, even if the former is doing well right now, despite the recent collapse. 

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