Carlos Fernandes Robert Kiyosaki, celebrated author of “Rich Dad Poor Dad,” anticipates that Bitcoin’s value will soar to incalculable levels upon the introduction of a Central Bank Digital Currency (CBDC) by the Federal Reserve. He also issued a warning concerning the erosion of privacy, stating that pervasive surveillance would be an inevitable consequence, commonly referred to as the “Big Brother” phenomenon. Kiyosaki strongly advocates for immediate investment in Bitcoin, urging that time is of the essence.
Table Of Contents
Kiyosaki’s Alert on Central Bank Digital Currency and the Imperative to Invest in Bitcoin
Robert Kiyosaki, famed for his 1997 best-selling book “Rich Dad Poor Dad,” co-authored with Sharon Lechter, has raised concerns about the potential risks involved with the Federal Reserve’s initiation of a Central Bank Digital Currency. The book has remained on the New York Times Best Seller List for an extended period of over six years and has been translated into 51 languages, selling more than 32 million copies across 109 countries.
In a recent update on a social media platform identified as X, Kiyosaki elaborated that the advent of the Federal Reserve’s CBDC would effectively extinguish privacy. He warned that comprehensive surveillance, colloquially referred to as “Big Brother,” would become the norm. Furthermore, he posited that upon the release of a digital dollar, assets like gold, silver, Bitcoin, and even traditional cash would become invaluable. Consequently, he pressed investors to secure their holdings in gold, silver, Bitcoin, and cash before opportunities become scarce.
Kiyosaki is not alone in his apprehension about the Federal Reserve initiating a Central Bank Digital Currency. Just last week, the U.S. House Committee on Financial Services passed the CBDC Anti-Surveillance State Act with the endorsement of 60 members of Congress. “This bill serves a singular purpose: to halt the current administration under President Biden from deploying a financial tracking instrument that could fundamentally compromise American civil liberties,” stated Congressman Tom Emmer (R-MN), who introduced the legislation. Earlier this year in March, U.S. Senator Ted Cruz also proposed a bill aiming to prevent the Federal Reserve from developing a CBDC accessible directly by consumers.
Despite the growing concern, the Federal Reserve is far from taking decisive action on issuing a CBDC. In September of the previous year, Jerome Powell, the Chairman of the Federal Reserve, underscored that the institution has not yet reached a conclusion on whether to implement a digital dollar. “We have not made a decision to move forward, and we anticipate that reaching such a decision will take considerable time,” he clarified. “We envision this as a multi-year endeavor, focused on methodical research and public trust-building.”
Do you concur with the perspective of “Rich Dad Poor Dad” author Robert Kiyosaki on the impending Federal Reserve Central Bank Digital Currency and the resulting spike in Bitcoin’s value? Your thoughts are welcomed in the comments section below.
Frequently Asked Questions (FAQs) about Robert Kiyosaki and Central Bank Digital Currency
What is Robert Kiyosaki’s prediction about Bitcoin in relation to the Federal Reserve launching a Central Bank Digital Currency (CBDC)?
Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” forecasts that Bitcoin’s value will become immeasurable upon the introduction of a CBDC by the Federal Reserve.
What does Kiyosaki warn about the introduction of a Central Bank Digital Currency by the Federal Reserve?
Kiyosaki warns that the introduction of a Central Bank Digital Currency by the Federal Reserve would lead to an erosion of privacy. He cautions that pervasive governmental surveillance, often referred to as “Big Brother,” would become inevitable.
What advice does Kiyosaki offer to investors in light of his predictions?
Kiyosaki strongly urges investors to secure their holdings in Bitcoin, gold, silver, and cash before the introduction of a Central Bank Digital Currency makes these assets invaluable. He emphasizes that immediate action is critical.
Is Robert Kiyosaki the only public figure concerned about a CBDC introduction by the Federal Reserve?
No, Robert Kiyosaki is not alone in his concerns. Recently, the U.S. House Committee on Financial Services passed the CBDC Anti-Surveillance State Act with the endorsement of 60 Congress members. U.S. Senator Ted Cruz has also introduced legislation aimed at preventing the Federal Reserve from developing a CBDC that would be directly accessible to consumers.
What is the current stance of the Federal Reserve on issuing a Central Bank Digital Currency?
As of the previous year, Jerome Powell, the Chairman of the Federal Reserve, stated that the institution has not reached a conclusion on whether to implement a digital dollar. He indicated that the decision-making process is expected to be multi-year and will involve extensive research and efforts to build public trust.
Are Kiyosaki’s views supported by any specific legislation or political actions?
Yes, Kiyosaki’s concerns find resonance in political circles. The U.S. House Committee on Financial Services recently passed the CBDC Anti-Surveillance State Act, and U.S. Senator Ted Cruz has introduced similar legislation. Both aim to limit or halt the development of a CBDC by the Federal Reserve.
What is the global reach and influence of Robert Kiyosaki?
Robert Kiyosaki is a globally recognized author best known for his book “Rich Dad Poor Dad,” which has been on the New York Times Best Seller List for over six years. The book has sold more than 32 million copies and has been translated into 51 languages, available in over 109 countries.
More about Robert Kiyosaki and Central Bank Digital Currency
- Rich Dad Poor Dad Official Website
- Federal Reserve’s Stance on Central Bank Digital Currency
- U.S. House Committee on Financial Services
- CBDC Anti-Surveillance State Act
- Senator Ted Cruz’s Legislation on CBDC
- Jerome Powell’s Remarks on Digital Currency
10 comments
Robert Kiyosaki knows whats up. But the Feds are always a step behind lol. By the time they catch up, BTC will be mooning!
Seriously, why’s everyone hyping up CBDCs so much? It’s just digital fiat. Don’t see why it should make BTC priceless.
So Ted Cruz is also in on this? That’s unexpected. Politics and crypto crossing paths now, huh.
Central banks and their tricks, always controlling the narrative. But Kiyosaki does have a point, gotta diversify that portfolio.
I can’t believe how far we’ve come with digital currency. But the privacy issue is real. big brother watchin, always.
Interesting take from a financial guru. However, can we really rely on these predictions? Markets are unpredictable, after all.
What about the environment tho? Mining BTC ain’t exactly green. We should think twice bout it.
Wow, if Kiyosaki’s saying it, then this is big news. Always trusted that guys insights. Time to load up on some BTC I guess.
Wait, did i read that right? Gold, silver and cash will also become priceless? That’s a bold statement.
If privacy’s gonna be gone, what’s next? Scary to think where this could lead.