Bitcoin News Today: Kiyosaki vs. Buffett: The War Over "People's Money" vs. Paper Fortunes

Bitcoin's recent dip below $90,000 has reignited debates over the future of digital assets, with financial commentator Robert Kiyosaki launching a pointed critique of Warren Buffett's skepticism toward crypto. Kiyosaki, author of Rich Dad Poor Dad, argued in a November 17 post that Buffett's dismissal of Bitcoin as mere speculation ignores the risks inherent in traditional markets, where stocks, real estate, and government bonds have all experienced collapses according to Kiyosaki. "WARREN BUFFET trashes BITCOIN... 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?" Kiyosaki wrote on X according to financial analysis.

Buffett, long a vocal critic of Bitcoin, has reiterated his stance that the asset "doesn't produce anything," contrasting it with productive investments like businesses or farmland. His latest quarterly 13F filing revealed Berkshire Hathaway's holdings, including $308.9 billion in equities, with Apple and Bank of America as top holdings. Meanwhile, Buffett's cash reserves hit a record $381.7 billion, signaling caution as markets near all-time highs according to financial reporting. Kiyosaki, however, frames Bitcoin as a hedge against a financial system he distrusts, categorizing it as "People's Money," while labeling fiat currency and Wall Street products "Fake Money" according to his critique.

The debate comes as Bitcoin ETFs face outflows, with $866 million leaving the sector in a single week amid waning investor enthusiasm. MicroStrategy CEO Michael Saylor, a prominent Bitcoin advocate, denied reports of selling the company's holdings, vowing continued accumulation. He projected Bitcoin would outperform gold and the S&P 500 by 2025, despite a recent 4.2% drop in MicroStrategy's stock price as Bitcoin fluctuated near $96,500.

Kiyosaki's critique also extended to traditional financial instruments like ETFs and REITs, which he dismissed as "printed money" and "counterfeit." He emphasized his preference for physical assets like gold, silver, and Bitcoin, which he claims cannot be manipulated by central banks. "I don't live in a paper house or eat paper apples. Why would I invest in paper assets when real assets exist?" he argued according to his statements.

The clash of philosophies highlights broader tensions in asset allocation strategies. Real estate hybrid funds, such as Grant Cardone's $235 million multifamily housing complex paired with a $100 million Bitcoin allocation, are emerging as a middle ground. Cardone argued that combining stable real estate income with Bitcoin's volatility offers "the best of both worlds," funneling rental revenue into further crypto purchases. This approach contrasts with pure-play crypto treasuries, which venture capital firm Breed warns face structural vulnerabilities during downturns.

As the crypto market navigates regulatory and macroeconomic headwinds, Kiyosaki's advocacy reflects growing skepticism toward centralized systems, while Buffett's strategy underscores faith in time-tested equities and cash. With Bitcoin's price stabilizing above $96,000, the debate over its role in long-term portfolios shows no sign of abating.