In a recent revelation, celebrated author Robert Kiyosaki, renowned for his book “Rich Dad Poor Dad,” has shared his intriguing perspective on the future of assets like Bitcoin, gold, and silver in light of the Federal Reserve’s pursuit of a central bank digital currency (CBDC). Kiyosaki, who boasts a significant following on social media, suggests that the introduction of a CBDC could render certain assets “priceless.”

With over 2.4 million followers on the social media platform X, Kiyosaki is making waves with his thought-provoking insights. He warns that as the Federal Reserve delves into the world of CBDCs, privacy may become a thing of the past, replaced by the watchful eye of “Big Brother.”

“Fed CBDC is coming. Privacy gone. Big Brother will be watching. When CBDC enters the market, gold, silver, Bitcoin, and cash will become priceless. Start saving GSBC (gold, silver, and Bitcoin) and cash now before it’s too late.”

The Federal Reserve’s interest in CBDCs has been evident, with the Federal Reserve Bank of San Francisco posting job advertisements for positions related to CBDC research and development. The move towards a digital currency future is palpable, and Kiyosaki’s warning is a call to action for those concerned about financial privacy.

However, not everyone is on board with the CBDC trend. In July, Republican Congressman Warren Davidson called for an outright ban on CBDCs, citing concerns about the government’s potential to exert greater control over the general population through this technology.

Kiyosaki also emphasizes the critical impact of hyperinflation and offers valuable advice on how individuals can protect their wealth. Contrary to popular belief, hyperinflation does not mean prices are rising; it signifies a decline in the purchasing power of money. Kiyosaki urges individuals to safeguard their financial future by investing in finite assets like gold, silver, and Bitcoin.

“Many people think HYPERINFLATION means prices are going UP. It means the exact opposite. Hyperinflation means the purchasing power of your money is going [down]. Don’t be a loser. Buy gold, silver, and Bitcoin, and be a winner, not a loser.”

At the time of writing, Bitcoin is valued at $27,926, marking a significant increase of over 3% in the last 24 hours. This upward movement in the cryptocurrency market underscores the growing interest in alternative assets as people seek to hedge against potential financial uncertainties.

As we delve deeper into Robert Kiyosaki’s insights, it becomes evident that his views carry substantial weight in the financial community. Let’s explore the key elements of his perspective and why they matter.

The Federal Reserve’s Pursuit of CBDCs

The Federal Reserve, often referred to as the “Fed,” plays a central role in the U.S. financial system. Recently, it has been exploring the development of a CBDC, a digital representation of the U.S. dollar. While this move could offer benefits in terms of efficiency and security, it also raises questions about privacy and government surveillance.

Kiyosaki’s warning about the potential loss of privacy echoes concerns shared by many in the cryptocurrency and financial communities. CBDCs, by their nature, involve digital transactions that can be closely monitored and tracked. For individuals who value financial privacy, this development could be alarming.

The Impending Pricelessness of Assets

Kiyosaki’s statement that assets like gold, silver, Bitcoin, and cash will become “priceless” when CBDCs are introduced may seem like a bold assertion. However, it is rooted in the idea that these assets offer a degree of financial independence and security that traditional currencies may not.

Bitcoin, often referred to as “digital gold,” is decentralized and operates on a blockchain, making it resistant to government control and censorship. Gold and silver have been valued as stores of wealth for centuries, thanks to their tangible nature and scarcity. Cash, in physical form, can provide a level of anonymity that digital currencies may not offer.

In a world where financial privacy is at risk, these assets may indeed become invaluable to those seeking to protect their wealth and maintain control over their financial transactions.

Concerns About Hyperinflation

Kiyosaki’s emphasis on hyperinflation and its true meaning is a crucial aspect of his financial advice. Hyperinflation occurs when a currency loses its value rapidly, resulting in soaring prices for goods and services. While this may appear to benefit those holding assets, it actually erodes the purchasing power of money, making it less valuable.

By encouraging people to invest in gold, silver, and Bitcoin, Kiyosaki is advocating for assets that historically have held their value during times of inflation and economic uncertainty. These assets can act as a hedge against the erosion of purchasing power caused by hyperinflation.

Bitcoin’s Impressive Performance

Finally, the current value of Bitcoin at $27,926 highlights the growing interest in cryptocurrencies as a viable investment option. Bitcoin’s price has experienced significant fluctuations over the years, but it has garnered attention as a potential digital store of value and a means of diversifying investment portfolios.

As the cryptocurrency market continues to evolve, individuals are increasingly exploring Bitcoin and other digital assets as alternatives to traditional investments. Kiyosaki’s endorsement of Bitcoin underscores its appeal as a store of value in an ever-changing financial landscape.

In conclusion, Robert Kiyosaki’s insights into the future of assets like Bitcoin, gold, and silver in the face of the Federal Reserve’s CBDC ambitions offer a unique perspective on the evolving financial landscape. While the concept of these assets becoming “priceless” may be subject to debate, it is undeniable that they hold significant appeal for those seeking financial independence and protection against potential privacy infringements. As the world of finance continues to evolve, Kiyosaki’s advice serves as a reminder of the importance of diversification and thoughtful financial planning.