
Jakarta, Pintu News – Warren Buffett, a legendary investor, recently described Bitcoin as a form of “gambling” and not a true investment. On the other hand, Robert Kiyosaki, author of the book “Rich Dad Poor Dad,” defended Bitcoin by calling it “people’s money” and challenging Wall Street’s traditional views on investing. Kiyosaki even predicts that the price of Bitcoin will reach $250,000 by 2026, indicating a significant increase.
In a recent interview, Warren Buffett reiterated his criticism of Bitcoin, stating that the cryptocurrency is more like speculation than an investment. He compared it to gambling and warned about the potential for a major crash that could wipe out the investment value of millions of Bitcoin holders.
Buffett advises investors to stick to traditional assets such as stocks and bonds, which he believes are more stable and trustworthy. Buffett believes that true investment should involve buying assets that generate value or income, such as companies that produce goods or services. According to him, Bitcoin has no fundamental basis as a form of investment as it does not generate income or dividends.
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In response to Buffett’s criticism, Robert Kiyosaki was quick to take to social media to express his disagreement. Kiyosaki argued that the assets promoted by Buffett such as stocks and bonds have also crashed, and sometimes in a more severe manner. For Kiyosaki, the main problem is not risk, but rather trust in the current financial system.
Kiyosaki emphasizes that he chooses to invest in Bitcoin , Ethereum , gold, and silver because he does not trust the Federal Reserve, the US Treasury, or Wall Street. He argues that the current financial system is based on infinitely printable money, which he calls “fake money.”
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Furthermore, Kiyosaki criticizes the belief in paper assets that are created and controlled by institutions that profit from inflation. He challenges the view that paper assets could be the future of finance. Kiyosaki added that while the US can print unlimited dollars, the number of Bitcoins is always limited to 21 million, giving it uniqueness as an asset.
Kiyosaki’s prediction that Bitcoin will reach $250,000 by 2026 shows his confidence in Bitcoin’s potential and stability as an investment asset. If this prediction materializes, it would mark a massive 160% jump from the current price of $95,600.
The debate between Buffett and Kiyosaki illustrates the different approaches in looking at the future of finance and investing. While Buffett maintains a traditional view, Kiyosaki pushes the boundaries with his support of cryptocurrencies. Time will tell which approach will be more successful in the long run.
Warren Buffett considers Bitcoin to be gambling and not an investment, while Robert Kiyosaki views it as “people’s money” and an alternative to the financial system controlled by large institutions.
Robert Kiyosaki supports Bitcoin because he does not trust the Federal Reserve, the US Treasury, or Wall Street, and sees Bitcoin as an asset that cannot be freely printed by the government.
Robert Kiyosaki predicts that the price of Bitcoin (BTC) will reach $250,000 by 2026, which represents a 160% increase from the current price.
According to Robert Kiyosaki, “fake money” is money that can be printed indefinitely by the government, such as the US dollar, which is different from Bitcoin that has a limited maximum amount.
Warren Buffett advises investors to avoid Bitcoin in favor of traditional assets like stocks and bonds which he says are more stable and trustworthy.
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