According to Kiyosaki it’s time to buy Bitcoins, because Buffet has dumped banks

[Juggy777]

Robert Kiyosaki has claimed that it’s the right time to buy Bitcoins because Buffet has dumped his banking stocks, but his other half of the tweet doesn’t make any sense to me.

Furthermore Kiyosaki feels that Buffet is loosing his love for banks, and he’s finally warming up to the idea of investing in crypto’s, and if it’s true then I believe that we would see many investors rushing in to buy crypto’s too (those investors who follow Buffet).

Although this is speculation at it’s best that buffet will completely end his love for banks, but what do you think will investors actually heed Kiyosaki advice, and dump banking stocks too to buy bitcoins?, if yes what impact can we expect to see in bitcoin prices in the short term?.

Sources:

https://twitter.com/theRealKiyosaki/status/1306650262279393280

https://www.fool.com/investing/2020/08/21/is-warren-buffett-giving-up-on-bank-stocks/

[cryptomaniac_xxx]

Nice sell pitch from Kiyosaki himself, but I don't know if Buffet is really going to dumped banks? One thing we also know is that Warren is an old traditional fart and would rather stick to his stocks or other precious metals before going full retard and throw his money to BTC. Probably Kiyosaki is just hyping bitcoin again and wanting more fresh blood to FOMO again to push the price to $11k.

[buwaytress]

Buffett and Kiyosaki probably sit around with other big boys every now and then, maybe now on Zoom, wondering what to do to make more money. Why not by playing both sides of the money making lines, right?

Banks won't die just because richboi dumps them. Their days may be numbered, but as long as governments are in charge of money, they'll be fine.

P.s. Kiyosaki also said I'm a poor dad, why is he trying to be friends now?

[jrrsparkles]

I don't think this is right time to sell bank stocks, because soon after the pandemic ends there will be a huge surge in the loan approval by the babks which is going to give lot of returns to banks in the next few years.Probably these two guys are trying to buy bank stocks for cheaper price.

[Febo]

Furthermore Kiyosaki feels that Buffet is loosing his love for banks, and he’s finally warming up to the idea of investing in crypto’s, and if it’s true then I believe that we would see many investors rushing in to buy crypto’s too

He is not and will not buy crypto. HE is buying Gold and Gold mine shares. Maybe something else connected to gold. Gold merchants, gold exchanges. He will most likely die before staring to buy crypto.  If he will live long then it is possible.

[STT]

I see alot of question marks in that tweet to taking any conclusion from it.    WB is great dude in his area but that area isnt tech and definitely not crypto currency, give the man some credit not to guess his views when he was quiet clear in stating an avoidance of crypto.       The deal for buying crypto is that is not one signal, its a process that forms and even if WB did something indicating a move away from FIAT currency it'd need to be confirmed with 100 other measures that matched that flow towards decentralised exchange.    Its not going to be one flare that shows the time to move, it'll be a whole weather pattern I think

What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity.

This one makes more sense but commodities often retract so it would be normal.  BTC never rose because of covid imo, its reacted to weaker dollar sure and that wont weakness is not easy to reverse.  Dollar has not been of the people for a long time now, is either political candidate going to fix fiscal and deficit budgets? 

[crzy]

I did this 2 years ago and I don’t care what Buffet did to his financial assets because I know what to do and I know bitcoin is indeed a good technology that can bring good fortune to those who support it. Bitcoin will become more expensive, it will be supported by many countries so don’t wait for people to say buy bitcoin start doing your own research now.

[GreatArkansas]

I did this 2 years ago and I don’t care what Buffet did to his financial assets because I know what to do and I know bitcoin is indeed a good technology that can bring good fortune to those who support it. Bitcoin will become more expensive, it will be supported by many countries so don’t wait for people to say buy bitcoin start doing your own research now.

We should have own reasons why we are buying Bitcoin, we should not really rely on other especially this rich guy Warren Buffet, they have their opinions too, they have different perspective on Bitcoin, we should respect it.
About Bitcoin being more expensive, it's still difficult, we should not really expect about that, it's still risky. But somehow we have our reasons why we are expecting it will become expensive soon.

[el kaka22]

Buffet is not really making long term decisions anymore because he is 90 years old and after he dies none of his family is taking up his job anymore. His son is a farmer (owns literally island size land, so not a small time farmer) because he likes it, his daughter is a painter, basically all of his family is out of business world and when he dies he will leave almost all of his money to charity as well because he already left his family enough money to live 5 life times.

This means he could make quick bucks now, doesn't matter even if he loses because not like he is ever going to be poor. However it really is time to buy bitcoin, that is irrelevant to buffet, I believe bitcoin is at the grasp of something much bigger, it feels like it is going to be something special very soon.

[pooya87]

Robert Kiyosaki has claimed that it’s the right time to buy Bitcoins because Buffet has dumped his banking stocks, but his other half of the tweet doesn’t make any sense to me.

none of it makes any sense and people should never make decisions about investing in anything based on some random tweet no matter from whom it comes from.
not to mention that bitcoin has always been a good way to dump your fiat and exchange it for bitcoin. it offers too much goodness to be ignored.

Furthermore Kiyosaki feels that Buffet is loosing his love for banks, and he’s finally warming up to the idea of investing in crypto’s, and if it’s true then I believe that we would see many investors rushing in to buy crypto’s too (those investors who follow Buffet).

i believe that Buffet has either already been investing in bitcoin for years or he will never do.

[Johny H.]

Robert Kiyosaki has claimed that it’s the right time to buy Bitcoins because Buffet has dumped his banking stocks, but his other half of the tweet doesn’t make any sense to me.

Furthermore Kiyosaki feels that Buffet is loosing his love for banks, and he’s finally warming up to the idea of investing in crypto’s, and if it’s true then I believe that we would see many investors rushing in to buy crypto’s too (those investors who follow Buffet).

Although this is speculation at it’s best that buffet will completely end his love for banks, but what do you think will investors actually heed Kiyosaki advice, and dump banking stocks too to buy bitcoins?, if yes what impact can we expect to see in bitcoin prices in the short term?.

Sources:

https://twitter.com/theRealKiyosaki/status/1306650262279393280

https://www.fool.com/investing/2020/08/21/is-warren-buffett-giving-up-on-bank-stocks/

My opinion is that is is always good time to buy bitcoin, if you have spare funds. Same is for gold.

[RealMalatesta]

Banks are the last things to go, they are going to stay until the financial markets collapse so much that nobody can save them, at that point everyone will lose their money and banknotes will be as valuable as toilet papers so there is nothing to worry about banks.

Sure they may not make as much profit as they used to but the reason for that is the high amount of debt they have now, Warren Buffet hates debt because it means company has to work towards paying the debt first before they can pay the investors and this is the reason he gets away, but I am fine with it, banks could have debt, as long as they pay that it means company grows bigger and my share gets more valuable as well. I wouldn't invest into any fiat thing so I don't have any, but if I did, banks would be my first choice, they are ruthless and cancer to this world but they do profit.

[carlfebz2]

I wont really be that much confident into these kind of call yet you wouldnt know that this is just some sort of tactic just for people to get fomo'ed.In result? When price had increased due to such news
then we wouldnt know if Buffet had already bought his bitcoins.

Its hard to believe that someone would just quit or dumped on where he do get his success and as mentioned by others is that, it isnt the end of the game if these fellas would leave out the industry
as long government do exist then banking system remains.

They can leave nor go back as you like but to say that this big boys just really want to explore the other side. 

[bryant.coleman]

In my friend circle, no one is investing in the banking sector. Only some government controlled pension funds are buying them. The last time I purchased a banking stock was 8 years ago. The current system is simply not sustainable. When the government support stops, the banks are going to collapse. So what Buffet is doing, is clearly not an exception. A lot of other investors are doing the same.

[beerlover]

I never understood the relevance between banks and crypto. Crypto wasn't created to be against banks in the sense that banks should not be used, it was created against fiat and how fiat is used and I get that banks are the number one place that uses fiat wrong way and that is why it looks like we are against them but as long as banks use it properly there is nothing wrong with them.

Kraken is now starting their own crypto bank for example and people think that is a great idea and very happy about it, which means as long as it is right way of banking people do not hate banks. So, banks being dumped by buffet doesn't really mean great for bitcoin because they are not related stuff, never been related. Obviously bitcoin could go up, that is not what I am saying, but I just think if it goes up the reason won't be banks.

[Oceat]

In my friend circle, no one is investing in the banking sector. Only some government controlled pension funds are buying them. The last time I purchased a banking stock was 8 years ago. The current system is simply not sustainable. When the government support stops, the banks are going to collapse. So what Buffet is doing, is clearly not an exception. A lot of other investors are doing the same.

Could it be possible that the banking system would collapse in the future if their system keeps failing? I can't say if people would be careless to just transfer all of their wealth in Bitcoin than putting it in the bank. Although this speculation might be one of those rumors scattered to create FUD. Let's just wait if Buffet could confirm this rumor since the social media is not saying exactly what Kiyosaki claimed.

[NotATether]

Robert Kiyosaki has claimed that it’s the right time to buy Bitcoins because Buffet has dumped his banking stocks

You don't just buy bitcoin because someone else is selling their other stocks, that's bad grounds to make investment advice on because bitcoin is not correlated to bank stocks in the first place.

When buying bitcoin for the purpose of investing, you're supposed to choose the timing based on fundamental analysis. Some investor out there selling their stocks of banks does not constitute as analysis remotely related to bitcoin. You could use it as a signal to sell the bank stocks in question though.

Could it be possible that the banking system would collapse in the future if their system keeps failing? I can't say if people would be careless to just transfer all of their wealth in Bitcoin than putting it in the bank. Although this speculation might be one of those rumors scattered to create FUD. Let's just wait if Buffet could confirm this rumor since the social media is not saying exactly what Kiyosaki claimed.

Everybody moving their money out of banks to bitcoin isn't even a remotely possible scenario, governments can't control bitcoin like they can control their own currency, so there is no way they will make bitcoin a national payment method, which is required for banks to let you withdraw to bitcoin directly.

Besides, how will they convert their cash to bitcoin without using an exchange? Then exchanges would be left with large amounts of cash, a deficit of bitcoins (since bitcoin can't be loaned on credit), and governments wouldn't see exchanges any different from banks that need to be regulated, if said exchanges don't collapse first from running out of BTC.

And big banks keep getting bailed out by governments, so no, the banking system can't collapse.

[Harlot]

LOL!!!! I literally just posted on a related topic about Kiyosaki posting investment advice to Bitcoin and his Tweet was about Bitcoin going down because of the pending COVID-19 vaccine. This tweet about Bitcoin going down came first in September 16 now he is posting about people should buy Bitcoin because of unemployed bankers, that's funny how things could turn around for people who know who has influence in the market. The more reason not to follow what Kiyosaki is telling us on his tweets.

[jossiel]

Kiyosaki has proven to be a bitcoin investor, I think it's been years since he talks about it on his vlogs and tweets.

As for Buffett, I don't think the guy is going to invest in bitcoin. If he does, there's no way to know it and he's actually learning how he can take advantage of his place to make chunks of profit on it. He's aware that his words and advice can make the people go crazy and will follow him everywhere he goes.

[bryant.coleman]

Could it be possible that the banking system would collapse in the future if their system keeps failing? I can't say if people would be careless to just transfer all of their wealth in Bitcoin than putting it in the bank. Although this speculation might be one of those rumors scattered to create FUD. Let's just wait if Buffet could confirm this rumor since the social media is not saying exactly what Kiyosaki claimed.

If everyone was purchasing, then the exchange rates would be rocketing by now. But as I can see, the prices are going down. But on the other hand, the gold prices have gone up by almost 40% since the beginning of the year. So we have evidence to claim that at least some of the investors are moving away from fiat cash to bullion. And I expect gold prices to go further up in the coming years.