CBDC
Rober Kiyosaki Contemplates Over Bitcoin’s Price Upon CBDC Arrival
The author of ‘Rich Dad Poor Dad,’ has predicted Bitcoin’s triumph after the launch of the rapid payment infrastructure that the US Federal Reserve developed.
After the introduction of FedNow Service back in July, Rober Kiyosaki has made some exclusive cautions. The author of the bestselling book ‘Rich Dad Poor Dad,’ has predicted Bitcoin’s triumph after the launch of the rapid payment infrastructure that the US Federal Reserve developed. In this respect, Kiyosaki pointed out some apprehensions related to the implications of the respective launch.
‘Rich Dad Poor Dad’ Author Cautions against a Potential CBDC Launch
The crypto-proponent writer has persuaded his followers to collect more and more precious assets such as silver, gold, and Bitcoin. He added that even stocking cash will be beneficial for the people in comparison with a central bank digital currency. Particularly, the financial bestseller’s author stated that the US FED’s CBDC is preparing to be launched. He shared a post on X on the 29th of September this year in this regard.
FED CBDC coming. Privacy gone. Big Brother will be watching. When CBDC enters market Gokd, Silver, Bitcoin & Cash will become priceless. Start saving GSBC & cash now before it’s too late.
— Robert Kiyosaki (@theRealKiyosaki) September 29, 2023
Kiyosaki noted in that post that the respective CBDC project will be considerably harmful to the consumers. According to Kiyosaki, a CBDC’s launch will pave the way for loss of the consumers’ privacy. Apart from that, he added that this development will indirectly be beneficial for the further adoption of Bitcoin (BTC).
Kiyosaki Urges Followers to Collect Gold, Bitcoin, and Even Cash
Kiyosaki asserted that such a CBDC will compel the people to utilize the chief crypto asset. Along with this, he disclosed, other options such as silver, gold, and even cash will also be preferred. While cautioning against the launch of a CBDC, he urged people to store more and more of the above-mentioned assets to avoid CBDC.
Also Read: Russian President Turns CBDC Legislation into Law
The launch of the ‘FedNow’ system took place on 20 July this year. This development attracted huge criticism posed by the political sphere in the United States. Robert F. Kennedy Jr. is also among those who cautioned against a CBDC, saying that this would result in political tyranny and financial slavery.
