Kiyosaki’s Bitcoin Bet Clashes with Schiff’s ‘Bubble’ Warnings—Who’s Right?

Robert Kiyosaki, author of ’Rich Dad Poor Dad,’ doubles down on Bitcoin as the ultimate hedge—while gold bug Peter Schiff screams ’bubble.’

Kiyosaki’s trust in Bitcoin stems from its scarcity and decentralization, calling it ’people’s money.’ Schiff, meanwhile, insists the crypto rally is a dead cat bounce. Both can’t be right.

Behind the feud: a generational divide. Boomers cling to gold; millennials stack sats. The market, as always, will have the final say—probably after another 20% swing in either direction.

Bonus jab: Wall Street still can’t decide if crypto is a ’hedge’ or just a high-beta casino chip. Place your bets.

Robert Kiyosaki backs Bitcoin

For context, his reasoning centers on Bitcoin’s fixed supply, capped at 21 million coins, making it inherently scarce and immune to inflationary pressures.

He said, 

“One reason why I trust Bitcoin is there are only to ever be 21 million. I own gold and silver mines and oil wells. If the price of gold, silver, or oil goes up, I will simply mine or drill for more, expanding supply. I cannot do that with Bitcoin. 21 million is 21 million. Take care.”

Needless to say, unlike gold and silver, whose availability can rise with mining incentives, Bitcoin’s supply is permanently constrained. 

This trait, Kiyosaki suggests, gives it a long-term edge as a store of value in an increasingly uncertain economic landscape.

He further emphasized that Bitcoin’s 21 million cap isn’t easily alterable, as any change would demand overwhelming consensus from its decentralized community.

Peter Schiff remains a forever Bitcoin critic

However, his endorsement reignited friction with long-time Bitcoin critic and economist Peter Schiff, who once again dismissed the cryptocurrency as a “scam.”

Schiff’s renewed skepticism follows Bitcoin’s recent price rally, which he believes is setting the stage for a major crash.

With gold outperforming Bitcoin so far in 2025 and inching closer to another all-time high, the age-old Gold vs. Bitcoin debate has flared up once more.

Remarking on the same, in his recent post, he added, 

“Gold is up another $45 so far tonight, trading above $3,380. With today’s $90 gain, that’s already $135 within one 24-hour period. Silver is also starting to perk up. It’s adding another 50 cents to today’s gains, trading above $33.10. Keep an eye on silver. A breakout is near.”

What lies ahead for Bitcoin?

However, despite Schiff’s renewed attacks, Bitcoin has once again climbed past the crucial $95,000 mark, reflecting growing investor confidence amid fears surrounding inflation, tariffs, and recession risks under the current macro landscape.

While gold has clearly outpaced Bitcoin in 2025 with a 25% YTD return compared to Bitcoin’s modest 3%, historical trends suggest that Bitcoin tends to close the gap during periods of financial stress.

In fact, AMBCrypto’s analysis further reveals that Bitcoin has lost over 35% of its value this year, yet the narrative of it as a digital SAFE haven continues to gain traction.

Therefore, as uncertainty persists, the stage may be set for Bitcoin to reassert itself against its traditional rival, if market sentiment holds.