Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” has a perspective on the future that revolves around the Federal Reserve’s actions and their potential impact on various assets, including the increasingly popular Bitcoin (BTC). According to Kiyosaki, the Federal Reserve’s pursuit of a central bank digital currency (CBDC) is a game-changer, one that could render certain assets “priceless.”
In a message to his substantial following of 2.4 million on the social media platform X, Kiyosaki predicts a shift in the value dynamics of assets such as gold, silver, Bitcoin, and traditional cash when the CBDC is introduced. He expresses concerns about the erosion of privacy and the looming presence of a “Big Brother” surveillance state once the CBDC becomes a reality. Urging his audience to take proactive measures, Kiyosaki advises saving in a combination he terms “GSBC” – an acronym for gold, silver, Bitcoin, and cash – before the perceived transition occurs.
The Federal Reserve’s interest in digital currency is evident in its job postings. The Federal Reserve Bank of San Francisco advertised positions for a senior crypto architect and a CBDC product manager, signaling the seriousness with which the institution is approaching the development of a digital currency.
Kiyosaki also delves into the broader economic landscape, emphasizing the risks associated with hyperinflation. In his view, hyperinflation doesn’t mean prices are rising; it implies a decrease in the purchasing power of money. He encourages people to avoid losing value by investing in finite assets like gold, silver, and Bitcoin, portraying these choices as the pathway to being a “winner” rather than a “loser.”
As a real-time snapshot, Kiyosaki notes that Bitcoin’s value currently stands at $27,926, reflecting a 3% increase over the past 24 hours. This information serves as a contextual backdrop to his recommendations and insights into the evolving financial landscape.