After the launch of the “FedNow” service in July, the instant payment infrastructure developed by the United States Federal Reserve, Robert Kiyosaki expressed concerns about its impact and urged his followers to invest in Bitcoin (BTC), gold, silver, and cash sooner rather than waiting too long.
Specifically, the author of the book “Rich Dad Poor Dad” stated that the introduction of the “FedNow” payment system is a preparation for the nationwide issuance of Central Bank Digital Currency (CBDC) by the Federal Reserve, according to a post on September 29.
According to Kiyosaki, if this indeed happens, the Fed’s CBDC could pose a threat to privacy but could also lead to an increase in the value of gold, silver, Bitcoin, and cash. He believes that these assets could become “priceless” and suggests investing in them and saving now before it’s too late.
FED CBDC coming. Privacy gone. Big Brother will be watching. When CBDC enters market Gokd, Silver, Bitcoin & Cash will become priceless. Start saving GSBC & cash now before it’s too late.
— Robert Kiyosaki (@theRealKiyosaki) September 29, 2023
The “FedNow” system officially went live on July 20, 2023, amidst criticism from various political figures in the United States, including Democratic Party presidential candidate Robert F. Kennedy Jr., who warned that CBDC could lead to “financial servitude and political domination.”
