Renowned author of “Rich Dad Poor Dad,” Robert Kiyosaki, has made a bold prediction regarding Bitcoin’s future, suggesting that it will “become priceless” once the Federal Reserve introduces its central bank digital currency (CBDC). Kiyosaki issued a stark warning, cautioning that privacy would be eradicated in this digital currency era, with “Big Brother” monitoring transactions. He underscored that when the digital dollar is launched, assets such as gold, silver, Bitcoin, and cash will attain extraordinary value.
Kiyosaki, in a social media post on platform X Friday, urged investors to take immediate action by accumulating assets like gold, silver, Bitcoin, and cash to safeguard their financial futures before it’s too late.
His concerns about the Federal Reserve launching a CBDC echo those of other policymakers and lawmakers. Last week, the U.S. House Committee on Financial Services passed the CBDC Anti-Surveillance State Act, garnering support from 60 Congress members. Congressman Tom Emmer (R-MN), who introduced the bill, emphasized its aim to halt the issuance of a financial surveillance tool that could undermine American privacy and way of life. U.S. Senator Ted Cruz had also introduced legislation in March to prohibit the Fed from developing a direct-to-consumer CBDC.
Despite these concerns, it’s worth noting that the Federal Reserve remains far from issuing a CBDC. Federal Reserve Chairman Jerome Powell stated in September of the previous year that the central bank had not yet reached a decision on the matter and anticipated a multi-year process involving extensive analysis and building public confidence before any conclusive action would be taken.