#RobertKiyosaki , the renowned author of ๐๐ข๐๐ก ๐๐๐ ๐๐จ๐จ๐ซ ๐๐๐ , recently took to X (formerly Twitter) to refute the critical views on Bitcoin expressed by ๐๐๐ซ๐ซ๐๐ง ๐๐ฎ๐๐๐๐ญ๐ญ ๐๐ง๐ ๐๐ก๐๐ซ๐ฅ๐ข๐ ๐๐ฎ๐ง๐ ๐๐ซ. ๐๐ข๐ฒ๐จ๐ฌ๐๐ค๐ข asserted that their opinions, though influential on Wall Street, hold little relevance in the crypto space. Highlighting their longstanding anti-Bitcoin stance, he argued that age and wealth should not overshadow an understanding of Bitcoin's potential.
๐๐ฎ๐๐๐๐ญ๐ญ ๐๐ง๐ ๐๐ฎ๐ง๐ ๐๐ซ have consistently criticized Bitcoin, labeling it a speculative asset with no intrinsic value. Buffett, in a ๐๐๐๐ interview, dismissed the cryptocurrency as nothing more than an asset driven by speculation, famously calling it a โ๐ซ๐๐ญ ๐๐ซ๐จ๐ฉ๐ฉ๐ข๐ง๐ .โ During Berkshire Hathaway's 2022 annual meeting, he reinforced his opposition, saying he wouldnโt accept all the Bitcoin in the world for $25, as it serves no productive purpose. Similarly, Munger has described Bitcoin as โ๐๐ฏ๐ข๐ฅโ and โ๐๐ซ๐ฒ๐ฉ๐ญ๐จ ๐ฌ๐ก๐ข๐ญ,โ citing concerns over its potential to destabilize the U.S. financial system.
๐๐ข๐ฒ๐จ๐ฌ๐๐ค๐ข , on the other hand, highlighted the importance of understanding Bitcoin and other cryptocurrencies before forming opinions about them. He credited Bitcoin for significantly contributing to his financial success and questioned the relevance of ๐๐ฎ๐๐๐๐ญ๐ญ ๐๐ง๐ ๐๐ฎ๐ง๐ ๐๐ซโs perspectives, stating, โ๐๐ก๐ฒ ๐ฌ๐ก๐จ๐ฎ๐ฅ๐ ๐ ๐๐๐ซ๐ ๐ฐ๐ก๐๐ญ ๐ญ๐ก๐๐ฒ ๐ญ๐ก๐ข๐ง๐ค ๐๐๐จ๐ฎ๐ญ ๐๐ข๐ญ๐๐จ๐ข๐ง?โHis stance reflects a broader endorsement of direct investment in Bitcoin over traditional financial instruments like exchange-traded funds (๐๐๐ ๐ฌ).
Furthermore, ๐๐ข๐ฒ๐จ๐ฌ๐๐ค๐ข made a bold prediction, forecasting Bitcoin's price to skyrocket to $๐๐๐,๐๐๐ ๐๐ฒ ๐๐๐๐. He attributed this optimism to strong institutional interest and recent moves by investment firms like ๐๐ฅ๐๐๐ค๐๐จ๐๐ค. Kiyosaki believes these institutions are strategically suppressing Bitcoin's price to accumulate it at lower levels before its value surges. In contrast to skeptics like ๐๐๐๐จ๐ซ๐ ๐๐ง ๐๐๐ ๐๐๐ฆ๐ข๐ ๐๐ข๐ฆ๐จ๐ง, who has labeled Bitcoin a โ๐๐ซ๐๐ฎ๐โ and a โ๐๐๐๐๐ง๐ญ๐ซ๐๐ฅ๐ข๐ณ๐๐ ๐๐จ๐ง๐ณ๐ข ๐ฌ๐๐ก๐๐ฆ๐,โ Kiyosaki emphasized the advantages of holding Bitcoin in a digital wallet, advocating for its direct and decentralized nature over traditional financial mediation.