Robert Kiyosaki says ‘BYE BYE Bitcoin and USD’ after Citi launches tokenized deposits
Robert Kiyosaki, author of the famous book “Rich Dad Poor Dad,” has once again caused a stir in the crypto and financial communities with his recent comments about the future of Bitcoin. In response to Citibank’s announcement of launching its own blockchain-based deposit token, Kiyosaki took to Twitter, asking if this would mean “BYE BYE Bitcoin & US Dollar?”
Citibank’s new service, called Citi Token Services, uses blockchain and smart contract technologies to offer digital asset solutions for institutional clients. The main advantage of tokenized deposits is that they can be settled instantaneously on the blockchain. Kiyosaki sees this development, combined with JPMorgan’s exploration of a blockchain-based deposit token, as having broader implications for Bitcoin and the U.S. dollar.
While Kiyosaki likely posted his tweet to generate conversation, members of the crypto community responded to provide clarity. Robert Salvador, CEO of DigiBuild, pointed out that Citibank’s move to put USD on a private blockchain does not change anything for Bitcoin or its value proposition. In fact, according to Salvador, it could drive further adoption and usage of cryptocurrencies.
Kiyosaki has been a strong supporter of Bitcoin for several years, considering it the digital counterpart to gold. He regularly recommends investments in Bitcoin and silver as a way to preserve wealth in economically challenging times. He believes that faith in the US dollar, which he calls “fake money,” will be destroyed, leading to the rise of assets like gold, silver, and Bitcoin.
In previous tweets, Kiyosaki predicted that by 2025, gold would reach $5,000, silver $500, and Bitcoin $500,000, citing a potential collapse of the global economy and the need for central banks to print fake money. He also suggested that if the stock and bond markets crash, Bitcoin could hit $100,000, while gold and silver prices would skyrocket even further.
It’s important to note that the views expressed by Kiyosaki are his own and may not reflect those of Kitco Metals Inc. While he has made efforts to provide accurate information, neither Kiyosaki nor Kitco Metals Inc. can guarantee the accuracy of the statements made. This article serves as informational content and should not be considered as a solicitation to engage in any financial transactions. Kitco Metals Inc. and the author of this article are not responsible for any losses or damages resulting from the use of this information.
In conclusion, Robert Kiyosaki’s latest comments about the future of Bitcoin in response to Citibank’s blockchain-based deposit token have sparked discussions within the crypto and financial communities. While his views on Bitcoin and the US dollar may generate debate, it’s essential to gather information from various sources and exercise caution when making financial decisions.
