Robert Kiyosaki, the famous author of the book “Rich Dad Poor Dad”, recently stirred up the crypto community by questioning the future of Bitcoin and the US Dollar. Kiyosaki’s doubts arose following a major announcement by Citibank regarding Blockchain technology integration. Here are the details…
Kiyosaki points to Citibank announcement for Bitcoin
In a statement posted on Goodbye to BTC and US dollar? said. Kiyosaki’s curiosity was sparked when Citibank introduced Citi Token Services, an innovative business service that aims to transform the instant payments landscape through the use of smart contracts.
BYE BYE Bitcoin & US Dollar? Citibank announced today it is offering bank block chain technology to turn institutional savings into Citibank tokens which can be used for instaneous 24/7 cross border transactions. Bye bye BC & US $?
— Robert Kiyosaki (@theRealKiyosaki) September 26, 2023
The core function of Citi Token Services is to enable scheduled transfers of tokenized deposits, providing fast and seamless transactions that can be carried out at any time of the day or night. This groundbreaking development has raised questions about the future of traditional financial systems, including both fiat currencies and cryptocurrencies. Robert Kiyosaki’s thoughts on this subject are not new. Attending the TOKEN2049 cryptocurrency conference held in Singapore just last week, Kiyosaki boldly expressed his belief that fiat money would become a thing of the past and hailed cryptocurrencies as the way forward.
Kiyosaki continues to defend BTC
In his tweet from the conference, Kiyosaki stated emphatically, “Crypto is the future. Fiat… aka FAKE money is toast.” Kiyosaki’s perspective underscores the growing sentiment among financial experts and enthusiasts that cryptocurrencies represent a fundamental shift in the way we perceive and use money. Kiyosaki has been a proponent of alternative assets such as gold, silver and Bitcoin, often referring to them as “digital gold.” He emphasizes the importance of diversifying one’s financial portfolio with these assets. In April, he went so far as to predict that Bitcoin would soon reach the impressive milestone of $100,000. Kiyosaki attributed this optimistic prediction to Bitcoin’s “people’s money” status and compared Bitcoin to gold and silver, which he described as “God’s money”.
In conclusion, Robert Kiyosaki’s thoughts on the future of Bitcoin and the US Dollar following Citibank’s Blockchain announcement reflect the ongoing transformation in the financial world. With the rise of blockchain technology and the increasing acceptance of cryptocurrencies, traditional financial systems are facing unprecedented challenges. Kiyosaki’s view of cryptocurrencies as the future further confirms their potential to redefine the way we transact and store value in the rapidly evolving world of finance.
