‘Rich Dad’ R. Kiyosaki slams CBDCs as ‘spyware’ similar to TikTok

by George Georgiev
7 ways to make with crypto

‘Rich Dad’ R. Kiyosaki slams CBDCs as ‘spyware’ similar to TikTok

Given the rise of digital assets such as cryptocurrencies more nations and banks around the world have given more thought to the notion of implementing central bank digital currencies (CBDCs).

The author of the personal finance book ‘Rich Dad, Poor Dad’ Robert Kiyosaki, had scathing criticism for the idea of introducing CBDCs. On the ‘Rich Dad Radio Show’ on August 10, Kiyosaki discussed World Economic Forum’s meeting last November, where it was determined that by 2030, people “will own nothing and be happy.” 

Kiyosaki said:

President Biden’s Executive Order 14067, to which Kiyosaki was referring, urges agencies to investigate with “the highest urgency” the legal and financial advantages and risks of establishing a CBDC for U.S. consumers, investors, and enterprises.

Despite being skeptical of CBDCs, Kiyosaki is a believer in Bitcoin (BTC) and the decentralization it provides, as he recently remarked, as well as urging investors to prepare for what he referred to as “the greatest sale on Earth” once the forecasted bubble bursts.

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