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Amidst the banking crisis and the plans of the U.S. to launch its own Central Bank Digital Currency (CBDC), Robert Kiyosaki, the author of “Rich Dad Poor Dad” took to X (formerly Twitter) to criticize the concept of CBDCs.
On the 25th of February, Kiyosaki stated,
“Please be careful. Banking crisis worsens. Threat of war grows. Central banks will push for CBDC, Central Bank Digital Currency, to SPY on us.”
As a response to this simmering issue, he proposed,
“I am buying more Bitcoin and silver coins. Silver biggest bargain. I will use silver as money, not US fake dollars.”
Kiyosaki’s strategy for a Bitcoin market crash
On the 24th of February, when questioned about his strategy for navigating a Bitcoin [BTC] market crash, Robert responded,
“I would be happy and I would buy more, once the crashing stops.”
He added,
“All market crashes are, are assets going on, and “sale” is my favorite four-letter word.”
Donald Trump shares similar views
In January 2024, Donald Trump also vehemently rejected the proposal for the CBDCs, expressing apprehensions regarding its implications for personal freedoms.
He noted,
“As your president, I will never allow the creation of a Central Bank Digital Currency.”
All this time, Robert has been in favor of Bitcoin, but his criticism is usually directed toward the Federal Reserve, as evidenced by his tweet, which stated,
“Don’t Fight the Fed? I say ‘* the Fed.’ Buy gold, silver, Bitcoin.”
Kiyosaki’s bullish outlook on Bitcoin’s future
It is 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 throughout the years.
Earlier in February, Kiyosaki predicted Bitcoin would hit $100,000 by June 2024, drawing correlations with national debt and U.S. bond demand.
Furthermore, last month, he disclosed that he owned 66 Bitcoin. He expected their value to soar exponentially, keeping in mind the SEC-approved ETFs.
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