Robert Kiyosaki Goes Back To Loving Bitcoin, Thanks To Fear Of CBDCs: 'Big Brother Will Be Watching'
Portfolio Pulse from Mehab Qureshi
Robert Kiyosaki, author of 'Rich Dad Poor Dad', expressed concerns about the potential introduction of a Central Bank Digital Currency (CBDC), suggesting it could erode privacy and increase surveillance. He suggested that traditional assets like gold, silver, Bitcoin, and cash could become invaluable in an era dominated by CBDCs. His comments were spurred by Citibank's announcement about implementing blockchain technology for instant cross-border transactions. The Federal Reserve acknowledges the potential advantages of CBDCs but has not yet unveiled concrete plans for its implementation.
September 29, 2023 | 9:59 am
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POSITIVE IMPACT
Robert Kiyosaki's comments about the potential introduction of CBDCs and its impact on traditional assets like Bitcoin could influence investor sentiment towards Bitcoin.
Kiyosaki's comments highlight the potential value of Bitcoin in a future dominated by CBDCs. This could lead to increased interest and investment in Bitcoin, potentially driving its price up in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80