Robert Kiyosaki calls CBDCs ‘spyware’ like TikTok

Robert Kiyosaki, the author of “Rich Dad, Poor Dad”, has called CBDCs ‘spyware’ like TikTok.

As a result of the evolution of digital assets such as cryptocurrencies, more states and banks throughout the globe are considering establishing central bank digital currencies (CBDCs).

Robert Kiyosaki was not a fan of the concept of establishing CBDCs. On the August 10 episode of the “Rich Dad Radio Show,’ Kiyosaki covered the World Economic Forum conference last November, at which it was resolved that by 2030, “people would own nothing and be happy.”

He said: “CBDC is similar to TikTokTo put it another way, I think we must alert people so they can fight back with the same technologies. Let’s use knowledge and information to fight back.”

Kiyosaki against CBDCs

It’s important to note that this isn’t the first time Kiyosaki has voiced opposition to the idea of the government establishing CBDCs.

In a tweet he made on July 18, Kiyosaki called the Executive Order 14067 issued by President Joe Biden in early March, which set the government’s stance on cryptocurrencies and studied the prospect of establishing CBDCs, the “most traitorous move in U.S. history.”

Kiyosaki was referring to President Biden’s Executive Order 14067, which directs agencies to explore the legal and financial benefits and hazards of creating a CBDC for U.S. consumers, investors, and businesses.

Kiyosaki has said that despite his scepticism about CBDCs, he is a believer in Bitcoin (BTC) and its decentralization and that investors should be ready for “the biggest sale on Earth” after the predicted bubble breaks.

Also Read: MakerDAO Co-Founder Suggests Swapping $3.5 Billion USDC For ETH

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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