Journalist
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Amid the banking crisis and the US’s plans to launch its own Central Bank Digital Currency (CBDC), Robert Kiyosaki, the author of ‘Rich Dad Poor Dad’, took to X (formerly Twitter) to discuss the concept of CBDCs criticize.
On February 25, Kiyosaki declared,
“Please be careful. The banking crisis is worsening. The threat of war is growing. Central banks will push for CBDC, the central bank digital currency, to spy on us.”
In response to this simmering issue, he proposed:
“I’m buying more Bitcoin and silver coins. Silver’s biggest bargain. I will use silver as money, not fake American dollars.”
Kiyosaki’s strategy for a Bitcoin market crash
On February 24, when asked about his strategy for navigating Bitcoin [BTC] market crash, Robert responded,
“I would be happy and buy more once the crashing stops.”
He added,
“Every market crash involves assets, and ‘sale’ is my favorite four-letter word.”
Donald Trump shares similar views
In January 2024, Donald Trump also vehemently rejected the CBDC proposal, raising concerns about its impact on personal freedoms.
He noticed,
“As your president, I will never allow the creation of a central bank digital currency.”
All along, Robert has been in favor of Bitcoin, but his criticism is mostly aimed at the Federal Reserve, as evidenced by his tweet, which declared,
“Don’t fight the Fed? I say ‘*the Fed.’ Buy gold, silver, Bitcoin.”
Kiyosaki’s optimistic view of Bitcoin’s future
It’s no secret that Kiyosaki has been very optimistic about Bitcoin’s future price trajectory, and his belief in its long-term investment potential has remained strong over the years.
Earlier in February, Kiyosaki predicted Bitcoin would reach $100,000 by June 2024, showing correlations with government debt and demand for US bonds.
Moreover, last month he announced that he owned 66 Bitcoin. He expected their value to increase exponentially, taking into account the SEC-approved ETFs.