Robert Kiyosaki Backs Bitcoin, Ethereum as “People’s Money” Despite Volatility

Core Viewpoint - Veteran investor Robert Kiyosaki defends Bitcoin as "people's money" amidst a more than 10% weekly price drop, contrasting his views with Warren Buffett's skepticism towards cryptocurrencies [1][2]. Group 1: Kiyosaki's Perspective on Financial Markets - Kiyosaki criticizes traditional financial markets, highlighting volatility in stocks, real estate, and US Treasuries, particularly due to selling pressure from major foreign holders like Japan and China [3]. - He expresses distrust in the US financial system, stating it appears "absolutely broken," which drives his investments in gold, silver, Bitcoin, and Ethereum [3][6]. - Kiyosaki categorizes physical gold and silver as "God's money," Bitcoin and Ethereum as "people's money," and government-linked financial assets as "fake money," advocating for their inclusion in retirement funds [6][7]. Group 2: Buffett's Investment Actions - Warren Buffett's Berkshire Hathaway recently acquired 17.85 million shares of Alphabet, valued at approximately $4.3 billion, amidst discussions of an AI-driven market bubble [4]. - This investment led to a "Buffett bump," increasing Alphabet's stock price by 7% during pre-market trading [5]. - Despite Kiyosaki's criticisms, Buffett maintains confidence in traditional financial institutions and continues to invest in Bitcoin despite current market pressures [4].