Robert Kiyosaki Slams CBDCs, Calls It Spyware; Similar to TikTok

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  • In context to the CBDC rise, Robert Kiyosaki exclaimed that by 2030, people “will own nothing and be happy”.
  • Kiyosaki opined that CBDC is a spyware and it is similar to TikTok.
  • Many countries such as Sweden, the Bahamas, and China had already implemented CBDC.

Robert Kiyosaki, the author of the finance book Rich Dad, Poor Dad, recently made brutal remarks about the idea of introducing central bank digital currencies (CBDC). In detail, the author came up with his opinion during his Rich Dad Radio Show on August 10,  where he was discussing the World Economic Forum’s meeting held in November 2021.

This has not been the very first time that the author has criticized the idea of the government incorporating CBDCs.

However, with the rapid rise of digital assets, more nations and banks globally have given more thought to the idea of implementing (CBDCs).

Kiyosaki proclaimed:

CBDC which is central bank digital currency, which is spyware. It’s much like TikTok which is.

Furthermore, he added: “Our job is to wake people up and then fight back using the same technology which I agree with. Let’s fight back with education and information.”

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

In spite of being skeptical of CBDCs, Kiyosaki is a believer in Bitcoin (BTC) and the decentralization that follows, referring it to as “the greatest sale on Earth”.

However, it is well known that the move towards CBDCs is gaining momentum, driven by the flair of Central Banks.

Notably, around 100 countries are exploring CBDCs at one level or the other. While some are in the research and testing phase, a few are already distributing CBDC to the public.

While looking at different countries that accepted CBDC, the Bahamas has implemented the Sand Dollar, which has been in circulation for more than a year.

Meanwhile, Sweden’s Riksbank has also developed a Proof of Concept (POC) and is exploring the technology and policy implications of CBDC.

In China, the digital renminbi (called e-CNY), has already gained progress with over a hundred million users and billions of yuan in transactions.

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