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Robert Kiyosaki said Warren Buffett and Peter Schiff are "really stupid" for continuing to criticize Bitcoin, in a video posted March 5. The 'Rich Dad Poor Dad' author argued that Schiff's gold business gives him a financial incentive to attack the asset, while Buffett is simply too old to grasp what Bitcoin represents.
Why it matters
Kiyosaki's framing recasts the long-running gold-vs-Bitcoin feud as a sales-pitch dispute rather than a serious economic argument — Schiff sells gold, Buffett has historically favored cash-flowing businesses, and both have used Bitcoin as a foil. The louder the critique gets, Kiyosaki suggests, the more it sounds like motivated reasoning.
Market impact
Kiyosaki said he likes gold, Bitcoin and Ethereum, but reserves his sharpest criticism for the Federal Reserve, which he blames for turning the United States into the world's largest debtor through money printing. He urged viewers to study Fed history, calling the institution — not Bitcoin — the real threat to household wealth.
Frequently asked questions
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When did Kiyosaki make these comments?
Kiyosaki posted the video on March 5, in which he called out both Buffett and Schiff for their long-standing criticism of Bitcoin.
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