Further, Kiyosaki said he classified Bitcoin, Ethereum and other crypto as “People’s Money”, citing the real reason for investing in these assets as not trusting the Federal Reserve Bank, US Treasury, or Wall Street. He also took a shot at Buffett saying that the Berkshire Hathaway CEO is “tight” with them.
Elaborating on his distrust, Kiyosaki underlined, that he considers Fed, US Government, and Wall Street money as “fake money”, and that he prefers “real money” or “people’s money”.
“I trust ‘Block Chain’ more than Big 8 CPA firm…or any accounting firm auditing Wall Street money… Neither do I invest in fake, paper real estate, call REITS. ETFs and REITS are along with stocks, bonds, mutual funds….printed money….aka “counterfeit money”, he said.
The author further remarked, when real assets like real gold, silver, and Bitcoin are available why should he invest in “paper assets.”
“I do not live in a paper house or put paper gas in my car or eat paper apples”, he said and went on to explain that people invest in these fake assets because the Marxist school systems do not teach financial education.
