Robert Kiyosaki, the famous author of the book Rich Dad, Poor Dad, is a known name in the literary circle. However, Kiyosaki is also widely known for his striking Bitcoin views and opinions, which often fetch him great attention.Kiyosaki’s pro-Bitcoin opinions are often rather staunch, compelling other people to explore Bitcoin as a possible investment alternative. Kiyosaki’s Pro Bitcoin ViewsRobert Kiyosaki has often been noted on social media for giving investment advice. His advice would often accompany a hint of disdain for the US dollar. However, his views on Bitcoin as an investment alternative are rather exclusive. In a spree of his latest tweets, Kiyosaki shared how he believes the banking crisis is deepening and that BTC is something that he’s looking forward to holding and exploring. Similarly, he also provided his reasoning on why the “crash of Bitcoin” is something that he doesn’t bother with much. “I am often asked, “What happens if Bitcoin crashes?”My reply is the same for Bitcoin, gold, or silver. My reply is, “I would be happy, and I would buy more, once the crashing stops. All market crashes are assets going on, and “sale” is my favorite four-letter word.” Kiyosaki tweetedBitcoin’s Bullish SentimentKiyosaki’s pro-Bitcoin stance comes with the reasoning that propagates how BTC can be an active hedge against fluctuations in the US economy. As per the recent data by Santiment, Bitcoin’s latest on-chain transaction volume has soared to $35.7 billion, with BTC touching an ATH of $64K. “Bitcoin  has now climbed as high as $64.1K before a mid-sized retracement down to $59.8K approximately 4 hours later. Today’s high has now closed the gap to within 7.2% of BTC’s $68.7K.“ Santiment later tweeted. Santiment further noted how crypto markets have been soaring with no correlation to the S&P 500 and the equities market. “#Crypto markets continue to surge with essentially no correlation to the #SP500 and #equities markets. This is historically a strong validator that the #cryptocurrency sector is in a confirmed #bullmarket.” Santiment tweeted.#BTC #robertkiyosaki

Robert Kiyosaki, the author of Rich Dad Poor Dad, cautions that the US is at risk of living out the plot of George Orwell's novel 1984, if it proceeds with launching a central bank digital currency (CBDC).

In a recent episode of The Rich Dad Channel, Kiyosaki expresses his concern that a "FedCoin," or a CBDC issued by the Federal Reserve, would allow the government to gain complete surveillance over Americans' actions and movements, with the intention of ensuring obedience.

“The major apprehension with FedCoin, the CBDC, is that it erodes our privacy. By tracking every financial transaction, they will have access to every detail of our spending, the recipient of our money, and how we allocate our resources. In essence, it replicates George Orwell’s dystopian society depicted in 1984. Big Brother will be constantly monitoring our financial activity, and this is precisely the problem with central bank digital currency, or the Fed Coin.

As an individual, I become nervous at the thought of this. I do not want them to monitor my every transaction or be privy to my spending habits. It is a violation of my privacy, and they have no business knowing how I choose to allocate my resources.

However, with the advent of blockchain technology, everything can be tracked, and privacy becomes an elusive concept. This is why when George Gammon compares this scenario to Orwellian dystopia, he is referring to the world of Big Brother in 1984, where everything is monitored, and privacy is nonexistent. This is the direction we are headed in.”

Kiyosaki's remarks come at a time when the Federal Reserve is exploring the benefits and risks associated with CBDCs. During a speech on Tuesday, Federal Reserve Governor Michelle Bowman emphasized that the potential digital dollar must integrate privacy concerns into its design. She also stressed the importance of safeguarding the privacy of businesses and individuals.

Says Bowman,

“In considering the implications of CBDC and privacy, we must also examine the critical role of money in our daily lives, and the danger that CBDCs could not only provide a window into but also potentially impede, the freedom that Americans enjoy in deciding how to use and invest their money and resources.”

#robertkiyosaki #Fed #cbdc #dyor #crypto

Source: dailyhodl

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Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.