TL;DR
- Robert Kiyosaki criticizes Warren Buffett and Charlie Munger for their negative stance on Bitcoin, questioning their relevance to the cryptocurrency.
- Kiyosaki’s bold predictions include a $350,000 price target for Bitcoin in 2025, despite previous forecasts of a crash to $60,000.
- The debate highlights the ongoing tension between traditional investment approaches and the emerging digital asset landscape.
In a recent social media post, Robert Kiyosaki criticized Warren Buffett and Charlie Munger for their negative stance on Bitcoin. Kiyosaki, a long-time advocate of Bitcoin, took to the platform X on January 1, 2025, to express his disagreement with the renowned investors’ views on the cryptocurrency.
Warren Buffett and Charlie Munger call Bitcoin “rat droppings.”
What do I think?
Buffett and Munger are very old, very rich men. Why should I care what they think about Bitcoin?
Most importantly I’d “What do you think about Bitcoin?”
I agree with Buffett and Munger when…
— Robert Kiyosaki (@theRealKiyosaki) January 1, 2025
Kiyosaki’s Bold Predictions
Kiyosaki has been known for his bold predictions and controversial statements. He previously set a $350,000 price target for Bitcoin in 2025, just weeks after predicting a crash to $60,000.
In his recent post, he referred to Buffett and Munger as “very old, very rich men” and questioned why he should care about their opinions on Bitcoin. Kiyosaki also misquoted Buffett, who had called Bitcoin “rat poison squared” in 2018, by referring to it as “rat droppings.”
Criticism of Traditional Investment Approaches
While Kiyosaki acknowledged Buffett and Munger’s advice that investors should “know, study, and understand” what they invest in, he emphasized that he prefers to listen to people who are more knowledgeable about Bitcoin.
He reiterated his intention to get richer by investing in Bitcoin, real estate, gold, and silver. Kiyosaki’s stance highlights his belief in the growth potential and value of Bitcoin as an asset.
Bitcoin’s Performance
At the time of Kiyosaki’s post, Bitcoin was trading at $96,580, having secured a 125.54% return over the past twelve months. This significant price appreciation supports Kiyosaki’s bullish outlook on cryptocurrency. However, his statements have been viewed by some as a publicity stunt, given his tendency to make bold forecasts and then change his tune.
The Broader Context
Kiyosaki’s criticism of Buffett and Munger underscores the ongoing debate between traditional investors and cryptocurrency advocates. While Bitcoin’s price appreciation justifies Kiyosaki’s stance to some extent, it remains outside the value investing philosophy championed by Buffett.
This divergence in investment approaches reflects the broader tension between established financial principles and the emerging digital asset landscape.
Robert Kiyosaki’s recent comments on Warren Buffett and Charlie Munger’s approach to Bitcoin have sparked discussions within the investment community. As Bitcoin continues to gain traction, the differing perspectives of traditional investors and cryptocurrency proponents will likely persist, shaping the future of financial markets.
