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'Rich Dad Poor Dad' Author Issues Another Bitcoin (BTC) Buy Signal

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Fri, 29/09/2023 - 8:16
'Rich Dad Poor Dad' Author Issues Another Bitcoin (BTC) Buy Signal
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"Rich Dad Poor Dad" author Robert Kiyosaki has sounded another alarm to his more than 2.4 million followers on the X app as it concerns the potential valuation of Bitcoin (BTC) and other assets in the near term.

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According to the vocal finance writer, the price of gold, silver, Bitcoin and cash will become priceless very soon when the United States Federal Reserve's planned Central Bank Digital Currency (CBDC) is released.

While the Federal Reserve has not categorically stated that it will be moving forward with the development of a CBDC, there has been some commissioned inquiry into the alternative form of legal tender. Riding on the ethical considerations of the pursuit, many stakeholders have pushed back against the idea of a CBDC or Digital Dollar, forming the premise for the current bullish call from Kiyosaki.

The author believes the emergence of a CBDC will fuel privacy issues that might make many scampers seek alternatives in currencies with proven privacy built into them. Bitcoin notably serves this narrative as it can permit users to transact without needing authorization from a third party or intermediary as we have in traditional banking.

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'Rich Dad Poor Dad' Author Says Rising Stock Market Will Not Save US Economy, Still Bets on Bitcoin

Consistent advocate of Bitcoin

With the evolution of the broader digital currency ecosystem as backed by the growth within the Bitcoin ecosystem, Robert Kiyosaki has always been bullish about the premier digital currency.

However, unlike most Bitcoin proponents, Kiyosaki cannot be considered a BTC maxi in that he also advocates for other assets like gold and silver that he deems are a better hedge against inflation. Though Kiyosaki has limited influence as a core crypto leader, his influence as a best-selling author with a healthy reach in the broader financial world is considered a positive one that can play a role in BTC hitting mainstream adoption in the long term.

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