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Robert Kiyosaki, a renowned author and investor, expressed concerns about the consequences of the instant payment system ‘FedNow Service’ developed by the Federal Reserve (Fed) after its launch in July. Kiyosaki urged his followers to immediately invest in Bitcoin (BTC), gold, silver, and cash.
“The Fed’s CBDC is Coming”
Robert Kiyosaki, the author of the world’s best-selling personal finance book ‘Rich Dad Poor Dad’, referred to the widespread belief that the introduction of the central bank digital currency (CBDC) through the promotion of the instant payment system ‘FedNow’ is a preparation and commented, “The Fed will soon release its CBDC.”
According to Kiyosaki, the Fed’s CBDC will result in a significant loss of privacy. The famous investor believes that this situation will increase the value of gold, silver, BTC, and cash, which he considers to be invaluable assets, and advised people to invest in and accumulate these assets before it is too late.
Following the launch of the ‘FedNow’ system on July 20, the CBDC has faced criticism from politicians in the United States, including Democratic presidential candidate Robert F. Kennedy Jr., who warned that it would lead to financial slavery and political tyranny.
The Current Situation of Bitcoin
The largest cryptocurrency, Bitcoin, is currently trading at $26,985 with a 1.86% increase in the last 24 hours. With Bitcoin showing strength in an upward direction, the overall cryptocurrency market is gradually showing signs of recovery. Furthermore, current data indicates that BTC has increased by 3.83% in the last 30 days and by 62.65% since the beginning of the year.
The author of ‘Rich Dad Poor Dad’ recently emphasized that Bitcoin, along with gold and silver, is still a relatively cheap investment, highlighting that time is running out to buy gold and silver.
