Robert Kiyosaki expects bitcoin to become “unpayable” when the Fed introduces a central bank digital currency.

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Robert Kiyosaki's warning against a CBDC and his call for investors to start saving bitcoin now

The author of “Rich Dad Poor Dad,” Robert Kiyosaki, has warned of the risks associated with the introduction of a central bank digital currency (CBDC) by the Federal Reserve. “Rich Dad Poor Dad” is a 1997 book written by Kiyosaki in collaboration with Sharon Lechter and has been on the New York Times bestseller list for more than six years. More than 32 million copies of the book have already been sold in more than 51 languages ​​and in more than 109 countries.

Kiyosaki explained in a post Friday on social media platform “Big Brother will be watching,” he warned. He added that gold, silver, bitcoin and cash will become unaffordable as soon as the digital dollar is introduced. He urged investors to save gold, silver, bitcoin and cash now before it is too late.

This renowned author is not the only one who has concerns about the introduction of a central bank digital currency by the Federal Reserve. Last week, the U.S. House of Representatives Finance Committee passed the CBDC Anti-Surveillance State Act with the support of 60 members of Congress. “This bill is simple: It ends the efforts of this administrative state led by President Biden to implement a financial surveillance tool that will undermine the American way of life,” said Congressman Tom Emmer ( R-MN), who presented the bill. In March, US Senator Ted Cruz also introduced a bill to prevent the Fed from developing an end-user CBDC.

However, the Federal Reserve is still far from introducing a CBDC. Last September, Federal Reserve Chairman Jerome Powell emphasized that the central bank had not yet decided whether it would issue a digital dollar. “We have not yet made a decision on that and we do not expect to make that decision in the near future,” Powell said. “We view this as a process of at least a few years, during which we will work on our analysis and build public trust in our work and our final conclusion.”

Let us know in the comments below if you agree with Robert Kiyosaki, the author of “Rich Dad Poor Dad,” regarding the Federal Reserve's digital central currency and the inestimable value of bitcoin.

  • This article was written using machine translation and AI processing and may contain errors and inaccuracies.