TL;DR
- Kiyosaki warns about risks of CBDCs in the context of banking crisis and threats of war.
- Recommends Bitcoin and silver as financial refuges against possible state espionage.
- He predicts the rise of Bitcoin and highlights silver as a safer investment than gold in the near future.
Renowned investor and world-renowned author Robert Kiyosaki has issued a warning about the risks posed by central bank digital currencies (CBDCs) amid a growing banking crisis and a climate of rising geopolitical tensions that threaten to escalate. in armed conflicts.
Kiyosaki, known for his influential personal finance book “Rich Dad, Poor Dad,” has expressed concern that US authorities could take advantage of this situation to boost the adoption of CBDC, which he says could result in greater surveillance over citizens.
Please be careful. Banking crisis worsens. Threat of war grows. Cental banks will push for CBDC, Cental Bank Digital Currency, to SPY on us. I am buying more Bitcoin and silver coins. Silver biggest bargain. I will use silver as money not US fake dollars
— Robert Kiyosaki (@theRealKiyosaki) February 25, 2024
In response to these concerns, Kiyosaki has shared his personal strategy to protect himself from these potential risks.
It highlights its decision to increase its investments in Bitcoin and silver coins, highlighting the latter as a particularly attractive opportunity amid economic uncertainty.
Kiyosaki has stressed his intention to use silver as an alternative form of money
Instead of relying on what he calls “fake dollars” issued by the US government.
In addition to his support for Bitcoin and silver, Kiyosaki has expressed his support for decentralized finance (DeFi), highlighting his confidence in the ability of these systems to withstand financial crises and offer a viable alternative to the traditional banking system.
While he had previously endorsed both gold and silver as safe assets, he has recently suggested that the price of gold could fall below certain thresholds, leading him to focus more on silver as a promising investment in the current market.
In terms of price predictions, Kiyosaki has stated that he expects the price of Bitcoin to reach $100,000 by June 2024, and has expressed his belief in the potential for greater gains for both Bitcoin and silver compared to gold in the foreseeable future.
Kiyosaki’s message is clear: the banking crisis and geopolitical tensions are rising, and CBDCs could pose an additional threat to citizens financial privacy.
Given this, Kiyosaki is taking steps to protect his wealth by investing in alternative assets such as Bitcoin and silver, which he considers safer in the current uncertain economic climate.
