Topic: I smell fear... (Read 475 times)
I think everything is going to be okay, everything.
We don't need CBDC for Bitcoin to be great, because CBDC is not an option for privacy seeking.. We know Bitcoin is already great and Bitcoin has come a long way. Currently Bitcoin can be converted to cash anywhere in the world. Because Bitcoin is now used in every country. Bitcoin is a digital asset, but that doesn't mean that Bitcoin will become priceless.If we look at the history of Bitcoin, we can see Bitcoin moving forward through all the complications.
I saw this on twitter as made by Robert Kiyosaki and I found the idea laughable. Unfortunately I couldn't get a direct link for the screenshot so am using the information at the top of the image as my source..
I don't understand why you think that Robert Kiyosaki statement is something negative about Bitcoin, what he meant is that when is that when Government finally issues CBDC which is very centralized, a more decentralized crypto like Bitcoin will rise, and surge in price, and that's not a bad thing. And he never said that currently Bitcoin is bad investment either, he just said that when the CBDC come Bitcoin will stay and even more people will want Bitcoin.
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It’s obvious you don’t get the topic and even worse didn’t read the above replies before commenting. I didn’t expect people would still mistake “priceless” in the OP as ”worthless” after this thread has reach the second page and others users have already corrected that impression.
How do CBDCs depend on bitcoin and “other companies”? CBDCs are not altcoins that are affected by the price of bitcoin, CBDCs are like digital fiat controlled by the government. They are programmable which means the government can print as much as they like, they can control how you spend your money and can freeze your assets anytime they want.
I think what Kiyosaki is saying in the text is that when people realize the dangers of CBDCs, the demand for bitcoin would be high.
Just like USDT which can be frozen in any wallet which is the attribute of centralized coins CBDC is anything different from that and that should be properly understood, Kiyosaki's statement means a lot as regards to Bitcoin being the escape coin to avoiding over control of the government.
For me the entrance of a Central Bank Digital Currency (CBDC) into the market will not be in favour of Bitcoin as the very essence of such initiative will be to weaken Bitcoin. I know the governments will do all they can to provide something that will look like Bitcoin, something they can control because they know that digital money has come to stay. Unfortunately, they will fail at achieving a digital currency that will challenge Bitcoin.
There will always be 2 types of people. One who will accept the facts and one who will reject it. In the end, the majority on one side will win. If the majority of the people support CBDC then it will be a defeat for Bitcoin. But if there are more people supporting BTC, then that will be a defeat for CBDC. Always remember, that every coin has two sides. If you flip the coin, the probability is always 2:1. In my opinion, Bitcoin is successful because it is decentralized. It gives freedom to its users. CBDC is the complete opposite. It's a new scheme to have more control over people by the government. The moment people realize this, they will turn their back to CBDC and then come towards BTC. So yeah, CBDC does not pose any thread towards BTC.
That is Robert Kiyosaki's opinion, and without reading from a source that covers what he said[1], there could be misconceptions about this opinion of his:
[1] https://finbold.com/r-kiyosaki-bitcoin-will-become-priceless-when-cbdc-enters-market
There are doubts about what is highlighted in the text. Ok, I can somehow agree with the fact that gold and silver, as well as bitcoin, will become “priceless”, but for cash. Here I am certainly sure that the cash will not become priceless when Fed CBDC appears, but will become useless to anyone, because cash will remove it from the general monetary circulation by imposing only CBDC for use. Why save what no one will need? This is some kind of Quote
According to Kiyosaki, the Fed CBDC would result in the loss of privacy but also lead to the increase in value of gold, silver, Bitcoin, and cash, which he believes will become “priceless,”[/b] and suggests investing in these assets and saving them “now before it’s too late.”
Truly cbcs's are clearly anti-privacy digital currencies that will just give the authorities more ways to keep track of people's financial activities, but i don't know how it is going to lead to an increase in the value of assets mentioned above and make them priceless. Kiyosaki just made a statement without backing it up with any explanation or probable fact and i wouldn't take anything he said here seriously.[1] https://finbold.com/r-kiyosaki-bitcoin-will-become-priceless-when-cbdc-enters-market
Well, I wouldn't take Kiyosaki as a reliable futurologist either. He himself has made failed predictions in the past, acknowledged later.
To the disappointment of his fans, this is exactly the case. "You not make for yourself an idol in the form of anything", remember? Blind faith deprives of critical thinking, which encourages unreasonable actions. What he says would make a lot of sense if people valued their privacy highly, if they didn't increasingly pay for digital media from centralised entities around the world, if they didn't post half their lives on social media and so on. But we see that the trend in the world is the opposite and most people don't care about the loss of privacy of CBDCs, they already pay for everything with their smartwatch.
The battle against CBDC was lost before it even began. Look around, at your neighbors and acquaintances, they will all be happy to use CBDC as soon as it is implemented, and they will also rejoice at this innovation. What can I say, real fools. 
I don’t know but, I’m getting a different understanding of the whole article from both the post in OP and after referencing the link provided by Z-tight. When Robert Kiyosaki is referring to the priceless nature of Bitcoin as a commodity, I think it’s in the nature of it being having so much value that makes it a hard to sell option.
Take a look at this quote from that very article;
Quote
According to Kiyosaki, the Fed CBDC would result in the loss of privacy but also lead to the increase in value of gold, silver, Bitcoin, and cash, which he believes will become “priceless,” and suggests investing in these assets and saving them “now before it’s too late.”
His actually advising people to buy as it’s a market for the future and he aligns it with other existing commodities within the centralized systems that has good values on them.
Bitcoin as it is, it’s already a hard to sell with majority of its hodlers having prospects and takes it more for an asset than a currency. How much more when its price behinds unmatched.
Be futuristic and buy to hodl for a long term.
However, no matter how priceless bitcoin becomes in the future under a CBDC there can't be anything unique about it anymore because just like fiat and gold the privacy and self-custody has been lost to CBDC which is what differentiate bitcoin from other invaluable assets like gold etc.
In my understanding, this pricelessness as Kayosaki puts it comes at a cost for our privacy and self-custody giving allowance to central regulations and policies.
CBDCs may weaken privacy, but Bitcoin's decentralisation cannot be overshadowed. As you indicated, Bitcoin's decentralisation distinguishes it from CBDCs. People may still use Bitcoin to avoid central authorities. However, a shift is happening, producing uncertainty and friction among holders. Will Bitcoin survive the CBDC tide? Time will reveal this mystery. Let's HODL and hope for the best until then.
I respect Kiyosaki. But I think this is clearly his personal opinion which I am sure he is entitled to. So, I would only take this with a pinch of salt. Besides, man has had predictions tht have failed in the past, so It wouldn't be surprising if this fail too. However, this is Bitcoin he is talking about, so, I would have an open mind and expect the unexpected.
Did you read the link i shared on the full story of what he actually said? His opinion is that BTC and some other assets he mentioned, like Gold for example, would become priceless and have their value rise so high once cbdc's are launched in the U.S. So it is not even about if his prediction will be correct or not, but that he didn't give any explanation as to why he thinks that the launch of cbdc's will be to the advantage of all those assets. I don't know if he is saying this to bring some attention to him or if this is just what he feels, but there is no explanation from him on what he said and i would not take him seriously.
Oh I see. If there's no explanation why he thinks the price of BTC and some other asset would skyrocket after the launch of CBDC, then I consider it as a baseless prediction and probably just wanting to get some attentions to himself.
I don’t know but, I’m getting a different understanding of the whole article from both the post in OP and after referencing the link provided by Z-tight. When Robert Kiyosaki is referring to the priceless nature of Bitcoin as a commodity, I think it’s in the nature of it being having so much value that makes it a hard to sell option.
Take a look at this quote from that very article;
Quote
According to Kiyosaki, the Fed CBDC would result in the loss of privacy but also lead to the increase in value of gold, silver, Bitcoin, and cash, which he believes will become “priceless,” and suggests investing in these assets and saving them “now before it’s too late.”
His actually advising people to buy as it’s a market for the future and he aligns it with other existing commodities within the centralized systems that has good values on them.
Bitcoin as it is, it’s already a hard to sell with majority of its hodlers having prospects and takes it more for an asset than a currency. How much more when its price behinds unmatched.
Be futuristic and buy to hodl for a long term.
However, no matter how priceless bitcoin becomes in the future under a CBDC there can't be anything unique about it anymore because just like fiat and gold the privacy and self-custody has been lost to CBDC which is what differentiate bitcoin from other invaluable assets like gold etc.
In my understanding, this pricelessness as Kayosaki puts it comes at a cost for our privacy and self-custody giving allowance to central regulations and policies.
I don’t know but, I’m getting a different understanding of the whole article from both the post in OP and after referencing the link provided by Z-tight. When Robert Kiyosaki is referring to the priceless nature of Bitcoin as a commodity, I think it’s in the nature of it being having so much value that makes it a hard to sell option.
Take a look at this quote from that very article;
Quote
According to Kiyosaki, the Fed CBDC would result in the loss of privacy but also lead to the increase in value of gold, silver, Bitcoin, and cash, which he believes will become “priceless,” and suggests investing in these assets and saving them “now before it’s too late.”
His actually advising people to buy as it’s a market for the future and he aligns it with other existing commodities within the centralized systems that has good values on them.
Bitcoin as it is, it’s already a hard to sell with majority of its hodlers having prospects and takes it more for an asset than a currency. How much more when its price behinds unmatched.
Be futuristic and buy to hodl for a long term.
I respect Kiyosaki. But I think this is clearly his personal opinion which I am sure he is entitled to. So, I would only take this with a pinch of salt. Besides, man has had predictions tht have failed in the past, so It wouldn't be surprising if this fail too. However, this is Bitcoin he is talking about, so, I would have an open mind and expect the unexpected.
Did you read the link i shared on the full story of what he actually said? His opinion is that BTC and some other assets he mentioned, like Gold for example, would become priceless and have their value rise so high once cbdc's are launched in the U.S. So it is not even about if his prediction will be correct or not, but that he didn't give any explanation as to why he thinks that the launch of cbdc's will be to the advantage of all those assets. I don't know if he is saying this to bring some attention to him or if this is just what he feels, but there is no explanation from him on what he said and i would not take him seriously.
I respect Kiyosaki. But I think this is clearly his personal opinion which I am sure he is entitled to. So, I would only take this with a pinch of salt. Besides, man has had predictions tht have failed in the past, so It wouldn't be surprising if this fail too. However, this is Bitcoin he is talking about, so, I would have an open mind and expect the unexpected.
I think it is going to take more oppression for people to finally realize how awful the fiat system can be, and CBDCs could be what is needed for people to make that realization, after all we know that if CBDCs are released and governments force people to accept them then now they will have complete control over your finances, so if they decide to increase a tax then they can take that money directly from your wallet or even forbid you from buying the stuff that you want, and it is then that people will realize why having a form of money independent of government control is a must if they want to retain some of their freedoms. I smell fear in this statement, fear of the government and it's co-partners about the extent of the financial freedom and privacy bitcoin has without regulatory policies handed over to people. And this freedom is looking like a threat to the government's sit of economic control creating all sorts of lies trying to deceive bitcoiners in giving out their freedom in exchange for a promising bitcoin priceless value.
Bitcoin poses a direct challenge to the control over currency issuance held by the global elite. We've witnessed the difficulties faced by American presidents and countries that have attempted to alter the issuance of the US dollar. Currently, influential groups are attempting to reshape the narrative around Bitcoin (BTC) and Central Bank Digital Currencies (CBDCs) through the media and regulatory bodies like the SEC.IMO bitcoin doesn't have to become priceless only when cdbc enters the market, as for me bitcoin is already a priceless asset to my use I don't know about you.
In my opinion, CBDCs will coexist alongside BTC and the broader cryptocurrency market. Essentially, CBDCs are digital versions of national currencies, like the USD, which offer more control to the ruling class. However, it's crucial to remain vigilant, as they might aim to make you reliant on CBDCs, similar to the USD, and potentially take away your Bitcoin holdings. I saw this on twitter as made by Robert Kiyosaki and I found the idea laughable. Unfortunately I couldn't get a direct link for the screenshot so am using the information at the top of the image as my source..
I smell fear in this statement, fear of the government and it's co-partners about the extent of the financial freedom and privacy bitcoin has without regulatory policies handed over to people. And this freedom is looking like a threat to the government's sit of economic control creating all sorts of lies trying to deceive bitcoiners in giving out their freedom in exchange for a promising bitcoin priceless value.
We know cbdc with their inimical monetary policy control on distribution and issuance. There's no privacy in financial transactions with CDBC individuals financial details are easily accessible at anytime.
In a digital world where privacy is a key challenge having CDBC gain access and saturate the bitcoin market will only mean doom for bitcoin vision.
IMO bitcoin doesn't have to become priceless only when cdbc enters the market, as for me bitcoin is already a priceless asset to my use I don't know about you..
In my opinion, I dont really think that CBDC is going to affect anything it might not like Bitcoin, but the community for sure is not going to accept this going to a digital currency that is controlled by the government. Bitcoin for sure is going to still be the number one here, we already see how Bitcoin adapts all over the globe, in fact, it is already supported by a lot of banks here in my country allowing users to bull and sell cryptocurrency, since in the past years they always see Bitcoin and cryptocurrency as a threat..I smell fear in this statement, fear of the government and it's co-partners about the extent of the financial freedom and privacy bitcoin has without regulatory policies handed over to people. And this freedom is looking like a threat to the government's sit of economic control creating all sorts of lies trying to deceive bitcoiners in giving out their freedom in exchange for a promising bitcoin priceless value.
We know cbdc with their inimical monetary policy control on distribution and issuance. There's no privacy in financial transactions with CDBC individuals financial details are easily accessible at anytime.
In a digital world where privacy is a key challenge having CDBC gain access and saturate the bitcoin market will only mean doom for bitcoin vision.
IMO bitcoin doesn't have to become priceless only when cdbc enters the market, as for me bitcoin is already a priceless asset to my use I don't know about you..
I respect Kiyosaki. But I think this is clearly his personal opinion which I am sure he is entitled to. So, I would only take this with a pinch of salt. Besides, man has had predictions tht have failed in the past, so It wouldn't be surprising if this fail too. However, this is Bitcoin he is talking about, so, I would have an open mind and expect the unexpected.
I see no fear in a person who's predicting that Bitcoin will rise well above what it's worth right now. I think he meant "priceless" as a metaphor, meaning that it'll cost way-way more than it does right now.
Op says Bitcoin's already priceless for them, but it's the subjective kind of immeasurable value attributed to Bitcoin, whereas Kiyosaki is encouraging others to invest in it, so it's safe to assume he means objective rise of value here.
However, I don't think it's an accurate prediction. I think a CBDC, unless being made compulsory, which I don't deem possible in the USA, can simply exist as an option, without impacting Bitcoin positively or negatively.
Op says Bitcoin's already priceless for them, but it's the subjective kind of immeasurable value attributed to Bitcoin, whereas Kiyosaki is encouraging others to invest in it, so it's safe to assume he means objective rise of value here.
However, I don't think it's an accurate prediction. I think a CBDC, unless being made compulsory, which I don't deem possible in the USA, can simply exist as an option, without impacting Bitcoin positively or negatively.
There is always one thing I like about Robert Kiyosaki, he always admits that he could be wrong, see OP, they dropped their own bombshell, it doesn't mean it will or won't happen, it's just their opinion, everyone has his or her own opinion, don't care what other peoples opinion can be, if you got yours then why care about others?
In the past Robert has made some predictions that never turned out to be true, that shows that he is human just like everyone else, I will only make a headline about this if Robert is a god living among humans and it's public that he is, when humans make predictions it stays predictions because that's the least we can do as human, no one knows the future and no one has the power to read the future.
People should stop exaggerating CBDC, this is nothing but Fiat in a digital form, there is nothing CBDC can do to harm crypto or Bitcoin, one thing is certain with everything that comes from the government and Banks, they can't force me to use something that I don't want to use, simple.
In the past Robert has made some predictions that never turned out to be true, that shows that he is human just like everyone else, I will only make a headline about this if Robert is a god living among humans and it's public that he is, when humans make predictions it stays predictions because that's the least we can do as human, no one knows the future and no one has the power to read the future.
People should stop exaggerating CBDC, this is nothing but Fiat in a digital form, there is nothing CBDC can do to harm crypto or Bitcoin, one thing is certain with everything that comes from the government and Banks, they can't force me to use something that I don't want to use, simple.
For me the entrance of a Central Bank Digital Currency (CBDC) into the market will not be in favour of Bitcoin as the very essence of such initiative will be to weaken Bitcoin. I know the governments will do all they can to provide something that will look like Bitcoin, something they can control because they know that digital money has come to stay. Unfortunately, they will fail at achieving a digital currency that will challenge Bitcoin.
My country launched E-Naira but it failed because people never paid them any attention as there was practically no need for it. I know many governements in the world are also working on something like that but I'm confident Bitcoin will prevail.
My country launched E-Naira but it failed because people never paid them any attention as there was practically no need for it. I know many governements in the world are also working on something like that but I'm confident Bitcoin will prevail.
If CBDC can cause bitcoin price to fall or cause bitcoin to weaken, then I think fiat can also do that because CBDC is just a digital version of fiat, even worse than fiat. But so far, what we can see is that fiat currencies continue to lose value due to inflation while bitcoin in 14 years has gained millions of percent relative to fiat. That means CBDCs will also suffer the same fate as fiat currencies.
CBDC was just a desperate attempt by the government to compete with bitcoin so it is not surprising that it failed. No centralized currency will be able to compete with bitcoin unless another decentralized currency emerges.
This is just a pure speculation made by those experts but it doesn't mean it will happen. Remember that we already have stable coins and that doesn't affect the strength of bitcoin so maybe the only assets get affected with CBDC existence in the market are those stable coins since for sure many people will abandon it and shift to the government regulated or handled coin. Bitcoin will still exist and those big institutions love its volatility so maybe we can see it being traded together just like a regular currency on exchange.
They are just really desperate to dissolve bitcoin but we already know that even before bitcoin is well supported by many people so they might struggle to control it or even dump until it go to zero value just like what they are saying.
I smell fear in this statement, fear of the government and it's co-partners about the extent of the financial freedom and privacy bitcoin has without regulatory policies handed over to people. And this freedom is looking like a threat to the government's sit of economic control creating all sorts of lies trying to deceive bitcoiners in giving out their freedom in exchange for a promising bitcoin priceless value.
In a World where privacy is an illusion, Bitcoin is giving people privacy. Every app you use is spying on you, one way or the other; even the bank transactions are being monitored by the governments and the private networks.
Bitcoin is giving people absolute privacy and hope, and with the advancement of technology, it is very important to have privacy as far as finances are concerned. CBDC is not an option if you are looking for privacy. Governments can not pinpoint and monitor the financial transaction through Bitcoin. Let's say you are somewhere in the World; travelling, you don't need to carry a ton of cash and exchange currency in every country. Have some Bitcoins in your wallet, and you are good to go. You can always convert them into local currency anywhere in the World.
CBDC is all about the fear of change.
Privacy concerns echo through the chambers.
The force of innovation battles the dark side of surveillance, and the future remains veiled in shadow.
Lots of things happening are volatile...
We can only do our best with our limited knowledge and not to worry about it too much
Privacy concerns echo through the chambers.
The force of innovation battles the dark side of surveillance, and the future remains veiled in shadow.
Lots of things happening are volatile...
We can only do our best with our limited knowledge and not to worry about it too much
I agree that Bitcoin would grow more precious when CBDCs become the main form of currency. The level of privacy and freedom that is afforded to us by cold cash would be gone when a digital fiat replaces it. The government's ability to monitor and control and seize hard cash is limited. The people are left with enough elbow room. They can more or less freely use it even in most illegal transactions. With a CBDC, the government could easily freeze funds, reject transactions, seize wallet balances, and so on.
Exactly. So if you are fleeing a country you will not be able to take your cash/cbdc with you
and BTC will let you take the coins out.
That's another thing. Even if your CBDC wallet balance doesn't just turn to zero when you cross borders, a feature that disables functions once you're detected outside the country's jurisdiction can easily be implemented. If banks can do it, how much more can a powerful government?
Bitcoin doesn't just address this problem, it also guarantees that wherever you're going your Bitcoin will be acceptable because it is the same Bitcoin that everybody has.
For me the entrance of a Central Bank Digital Currency (CBDC) into the market will not be in favour of Bitcoin as the very essence of such initiative will be to weaken Bitcoin. I know the governments will do all they can to provide something that will look like Bitcoin, something they can control because they know that digital money has come to stay. Unfortunately, they will fail at achieving a digital currency that will challenge Bitcoin.
My country launched E-Naira but it failed because people never paid them any attention as there was practically no need for it. I know many governements in the world are also working on something like that but I'm confident Bitcoin will prevail.
My country launched E-Naira but it failed because people never paid them any attention as there was practically no need for it. I know many governements in the world are also working on something like that but I'm confident Bitcoin will prevail.
If CBDC can cause bitcoin price to fall or cause bitcoin to weaken, then I think fiat can also do that because CBDC is just a digital version of fiat, even worse than fiat. But so far, what we can see is that fiat currencies continue to lose value due to inflation while bitcoin in 14 years has gained millions of percent relative to fiat. That means CBDCs will also suffer the same fate as fiat currencies.
CBDC was just a desperate attempt by the government to compete with bitcoin so it is not surprising that it failed. No centralized currency will be able to compete with bitcoin unless another decentralized currency emerges.
I agree that Bitcoin would grow more precious when CBDCs become the main form of currency. The level of privacy and freedom that is afforded to us by cold cash would be gone when a digital fiat replaces it. The government's ability to monitor and control and seize hard cash is limited. The people are left with enough elbow room. They can more or less freely use it even in most illegal transactions. With a CBDC, the government could easily freeze funds, reject transactions, seize wallet balances, and so on.
Exactly. So if you are fleeing a country you will not be able to take your cash/cbdc with you
and BTC will let you take the coins out.
I saw this on twitter as made by Robert Kiyosaki and I found the idea laughable. Unfortunately I couldn't get a direct link for the screenshot so am using the information at the top of the image as my source..
........
I smell fear in this statement, fear of the government and it's co-partners about the extent of the financial freedom and privacy bitcoin has without regulatory policies handed over to people. And this freedom is looking like a threat to the government's sit of economic control creating all sorts of lies trying to deceive bitcoiners in giving out their freedom in exchange for a promising bitcoin priceless value.
We know cbdc with their inimical monetary policy control on distribution and issuance. There's no privacy in financial transactions with CDBC individuals financial details are easily accessible at anytime.
In a digital world where privacy is a key challenge having CDBC gain access and saturate the bitcoin market will only mean doom for bitcoin vision.
IMO bitcoin doesn't have to become priceless only when cdbc enters the market, as for me bitcoin is already a priceless asset to my use I don't know about you.
........
I smell fear in this statement, fear of the government and it's co-partners about the extent of the financial freedom and privacy bitcoin has without regulatory policies handed over to people. And this freedom is looking like a threat to the government's sit of economic control creating all sorts of lies trying to deceive bitcoiners in giving out their freedom in exchange for a promising bitcoin priceless value.
We know cbdc with their inimical monetary policy control on distribution and issuance. There's no privacy in financial transactions with CDBC individuals financial details are easily accessible at anytime.
In a digital world where privacy is a key challenge having CDBC gain access and saturate the bitcoin market will only mean doom for bitcoin vision.
IMO bitcoin doesn't have to become priceless only when cdbc enters the market, as for me bitcoin is already a priceless asset to my use I don't know about you.
The "priceless" could also mean that it becomes worthless (price-is-less = worth-less). You just have to be careful with their words.
But they are free to have CBDC. It won't stop freedom loving people from using Bitcoin. And Bitcoin will continue to increase in price and become more valuable even if a small or tiny fraction of a billion people use it the right way.
Those who don't care much about freedom will stick to centralized alternatives or things with the appearance of Bitcoin.
I think it's pretty established in english language that priceless in this context means worth a lot, "invaluable". And he's right. CBDCs will for the first time ever make Bitcoin a necessity for anyone that wants any privacy with their money in the first world, specially when they ban physical cash. For now only in third world estates they've had to resort to BTC, and it's still mostly the USD $ that's used there. Once this necessity hits the first world, you can bet the price will go up. However, obtaining BTC may become an obscure thing compared to login in on some exchange. I think BTC will eventually go into being an underground asset, just very valuable instead of the low valuations of the Silk Road days.
I saw this on twitter as made by Robert Kiyosaki and I found the idea laughable. Unfortunately I couldn't get a direct link for the screenshot so am using the information at the top of the image as my source..
I smell fear in this statement, fear of the government and it's co-partners about the extent of the financial freedom and privacy bitcoin has without regulatory policies handed over to people. And this freedom is looking like a threat to the government's sit of economic control creating all sorts of lies trying to deceive bitcoiners in giving out their freedom in exchange for a promising bitcoin priceless value.
We know cbdc with their inimical monetary policy control on distribution and issuance. There's no privacy in financial transactions with CDBC individuals financial details are easily accessible at anytime.
In a digital world where privacy is a key challenge having CDBC gain access and saturate the bitcoin market will only mean doom for bitcoin vision.
IMO bitcoin doesn't have to become priceless only when cdbc enters the market, as for me bitcoin is already a priceless asset to my use I don't know about you.
I smell fear in this statement, fear of the government and it's co-partners about the extent of the financial freedom and privacy bitcoin has without regulatory policies handed over to people. And this freedom is looking like a threat to the government's sit of economic control creating all sorts of lies trying to deceive bitcoiners in giving out their freedom in exchange for a promising bitcoin priceless value.
We know cbdc with their inimical monetary policy control on distribution and issuance. There's no privacy in financial transactions with CDBC individuals financial details are easily accessible at anytime.
In a digital world where privacy is a key challenge having CDBC gain access and saturate the bitcoin market will only mean doom for bitcoin vision.
IMO bitcoin doesn't have to become priceless only when cdbc enters the market, as for me bitcoin is already a priceless asset to my use I don't know about you.
I mean Robert Kiyosaki really liked Bitcoin from the start so it's not really a shocking thing to see or to know that he said this kind of thing to Bitcoin, he doesnt really like the idea of investing in Bitcoin and even the stock market.
In my opinion, I dont really think that CBDC is going to affect anything it might not like Bitcoin, but the community for sure is not going to accept this going to a digital currency that is controlled by the government. Bitcoin for sure is going to still be the number one here, we already see how Bitcoin adapts all over the globe, in fact, it is already supported by a lot of banks here in my country allowing users to bull and sell cryptocurrency, since in the past years they always see Bitcoin and cryptocurrency as a threat.
We doesnt really know but as a famous person what he says could probably affect the market so as a smart man, in the background he's probably investing in Bitcoin as well and making a good profit on it, I mean its always a market manipulation, so making this kind of statement probably could affect the movement in the market, there's always a possibility that he's manipulating the market.
Think of it this way, Kiyosaki is a businessman and he knows how the market works and the behavior of the people in the market so it's an obvious thing for him to do is to sow fear and discord in favor of his interests which currently aligns with bitcoin experiencing a downfall. Or probably he wants us to think that he has an insider information so some people get confused and try to follow what he's saying.
I agree that Bitcoin would grow more precious when CBDCs become the main form of currency. The level of privacy and freedom that is afforded to us by cold cash would be gone when a digital fiat replaces it. The government's ability to monitor and control and seize hard cash is limited. The people are left with enough elbow room. They can more or less freely use it even in most illegal transactions. With a CBDC, the government could easily freeze funds, reject transactions, seize wallet balances, and so on.
I smell fear in this statement, fear of the government and it's co-partners about the extent of the financial freedom and privacy bitcoin has without regulatory policies handed over to people. And this freedom is looking like a threat to the government's sit of economic control creating all sorts of lies trying to deceive bitcoiners in giving out their freedom in exchange for a promising bitcoin priceless value.
We know cbdc with their inimical monetary policy control on distribution and issuance. There's no privacy in financial transactions with CDBC individuals financial details are easily accessible at anytime.
In a digital world where privacy is a key challenge having CDBC gain access and saturate the bitcoin market will only mean doom for bitcoin vision.
IMO bitcoin doesn't have to become priceless only when cdbc enters the market, as for me bitcoin is already a priceless asset to my use I don't know about you.
Besides the fact that many of this financial gurus keep making statements just to avoid being forgotten, I think that he was talking more in a figurative way, it doesn't mean it literally but it's more about the fact that the privacy bitcoin gives you (both for transactions and storage) is priceless, so of course that has an impact on the price but, at least in my opinion, he wasn't talking about that. We know cbdc with their inimical monetary policy control on distribution and issuance. There's no privacy in financial transactions with CDBC individuals financial details are easily accessible at anytime.
In a digital world where privacy is a key challenge having CDBC gain access and saturate the bitcoin market will only mean doom for bitcoin vision.
IMO bitcoin doesn't have to become priceless only when cdbc enters the market, as for me bitcoin is already a priceless asset to my use I don't know about you.
Based on the way Kiyosaki had conveyed the message, it looks like he had given broader briefing about bitcoin and CBDC in a single sentence. People are well aware of CBDC and cryptocurrency. People being fearful is common, because when something is unregulated and governments are against it. Using it longer gives them better understanding and move with the reality. CBDC being regulated and it is the same fiat over a centralised blockchain. This isn't gonna make any changes. Many countries have launched their CBDC and there is no big success as they've predicted.
If there is increase in the usage of these CBDC then there is chance for little fear. Because the governments will try to keep their things at the lead. For the same there can be situations with stricter regulations on cryptocurrency usage. However people who had used to cryptocurrency will never leave the market for such acts from the government. For the same people look for the loop holes to bypass and use it.
If there is increase in the usage of these CBDC then there is chance for little fear. Because the governments will try to keep their things at the lead. For the same there can be situations with stricter regulations on cryptocurrency usage. However people who had used to cryptocurrency will never leave the market for such acts from the government. For the same people look for the loop holes to bypass and use it.
Who is he?
No matter what his position is in the government or society, he is just a speculator when it comes to Bitcoin, this is because in as much as CBDC are developed, their still depend on Bitcoin and other companies to determine the extent to which the availabilities will affect the general market.
No matter what his position is in the government or society, he is just a speculator when it comes to Bitcoin, this is because in as much as CBDC are developed, their still depend on Bitcoin and other companies to determine the extent to which the availabilities will affect the general market.
It’s obvious you don’t get the topic and even worse didn’t read the above replies before commenting. I didn’t expect people would still mistake “priceless” in the OP as ”worthless” after this thread has reach the second page and others users have already corrected that impression.
How do CBDCs depend on bitcoin and “other companies”? CBDCs are not altcoins that are affected by the price of bitcoin, CBDCs are like digital fiat controlled by the government. They are programmable which means the government can print as much as they like, they can control how you spend your money and can freeze your assets anytime they want.
I think what Kiyosaki is saying in the text is that when people realize the dangers of CBDCs, the demand for bitcoin would be high.
@OP you misunderstood the statement of Kiyosaki. I believe he does not care about CBDC but rather it promotes the importance of the features of Bitcoin and how CBDC interferes with personal financial privacy rights. I take the statement that Bitcoin will become most important if CBDC enters the market since the government will be enabled to control and spy on people's finances when the government implements CBDC and people use it. Because behind the message of Kiyosaki lies the importance of Bitcoin protecting our financial privacy.
OP's concerns are very reasonable, but keep in mind that what kind of system CBDC will adopt will also affect everything. If CBDC is released with the exact same system as USD (digital USD/digital currency representing a country) isn't this exactly the same as USDT? CBDC can be printed unlimitedly, of course, like USD. Of course from my perspective CBDC cannot be compared to Bitcoin. Bitcoin has a supply limit, BTC is unique, BTC belongs to the community, so when it comes to priceless issues, I think BTC will continue to be valuable like gold.
His only fear is that someone calls him out on his bullshit 
Let's ask ourselves who he really is.
Is he a bitcoin lover, or maybe a freedom lover. Is he an entrepreneur, or a publicist. Is he a youtuber, or an economist?
As far as I know, he only made money from his books and courses and we don't know how good his investments did because he won't share any details. How can we trust a guy who says he's rich and successful investor when he won't tell us about it, just gives advice for the future.
Didn't he lose a few businesses until he finally make some money selling a book? The book isn't even good. He just tells you what to do in general and most millionaire youtubers who share their secrets will tell you more or less the same things. You don't have to pay for a book to have an idea of what it's about.
Let's ask ourselves who he really is.
Is he a bitcoin lover, or maybe a freedom lover. Is he an entrepreneur, or a publicist. Is he a youtuber, or an economist?
As far as I know, he only made money from his books and courses and we don't know how good his investments did because he won't share any details. How can we trust a guy who says he's rich and successful investor when he won't tell us about it, just gives advice for the future.
Didn't he lose a few businesses until he finally make some money selling a book? The book isn't even good. He just tells you what to do in general and most millionaire youtubers who share their secrets will tell you more or less the same things. You don't have to pay for a book to have an idea of what it's about.
Well, I wouldn't take Kiyosaki as a reliable futurologist either. He himself has made failed predictions in the past, acknowledged later.
What he says would make a lot of sense if people valued their privacy highly, if they didn't increasingly pay for digital media from centralised entities around the world, if they didn't post half their lives on social media and so on. But we see that the trend in the world is the opposite and most people don't care about the loss of privacy of CBDCs, they already pay for everything with their smartwatch.
Things go according to how they trend so far, and there's a good chance he might actually be prophesying something. People are valuing their privacies even more, so much so that they are actually taking active actions that will lead them to reducing their digital footprints. Should this become even more important in the future, bitcoin is at a high position to set itself as the standard of money for people who don't want feds tracking their every move. What he says would make a lot of sense if people valued their privacy highly, if they didn't increasingly pay for digital media from centralised entities around the world, if they didn't post half their lives on social media and so on. But we see that the trend in the world is the opposite and most people don't care about the loss of privacy of CBDCs, they already pay for everything with their smartwatch.
It's a little stretch but I can see it happening soon, with the government actively admitting that they are spying on everyone, advertising companies using our data to tailor-fit ads according to our preferences without our consent, and much more. Bitcoin could champion Web3.0 if things go well.
Who is he?
No matter what his position is in the government or society, he is just a speculator when it comes to Bitcoin, this is because in as much as CBDC are developed, their still depend on Bitcoin and other companies to determine the extent to which the availabilities will affect the general market.
No matter what his position is in the government or society, he is just a speculator when it comes to Bitcoin, this is because in as much as CBDC are developed, their still depend on Bitcoin and other companies to determine the extent to which the availabilities will affect the general market.
I saw this on twitter as made by Robert Kiyosaki and I found the idea laughable. Unfortunately I couldn't get a direct link for the screenshot so am using the information at the top of the image as my source..
Kiyosaki may have said this, or something related this and the media may be quoting him out of proportion. If he actually said this, you do not need to believe or follow what he has said at this stage of knowledge that you possess. You should be convinced as to why you are investing and hodling bitcoins. Pretty much this lol. People immediately jump the wagon when they see "priceless" thinking "valueless" without taking look at the context.
In this case Kiyosaki is just being smart with marketing — something that could potentially stir both bulls and bears depending on the understanding; and at the same time the fact that it will grab media headlines(which it did).
In this case Kiyosaki is just being smart with marketing — something that could potentially stir both bulls and bears depending on the understanding; and at the same time the fact that it will grab media headlines(which it did).
I'm not a native speaker, but I always thought "priceless" as "so valuable that you don't want to sell it, so there's no price tag". To people with low comprehension of English "priceless" might sound synonymous with "worthless".
Maybe global authors should use simpler terms to not be misunderstood by their global audiences.
People jump to conclusion after reading the "priceless" word lmao. Check his X post[1]. It just means if CBDC enters its worth having bitcoin because of privacy matters as CBDC is a great tool for the government to monitor people's financial transactions.
[1] https://twitter.com/theRealKiyosaki/status/1707636463620481390
[1] https://twitter.com/theRealKiyosaki/status/1707636463620481390
We all know Bitcoin is the most popular cryptocurrency due to decentralisation. So if anything wants to counter Bitcoin, that should be decentralised as well. We shouldn't worry, even when CBDC launches. Also, we shouldn't be overly excited. Everything will be normal; nothing is going to surprise us. I feel CBDC will help crypto users. We can exchange our BTC easily when CBDC is available in our country. But still, the government could monitor us through CBDC since it will be centralised and controlled by a central bank. Nothing to fear; just let them launch so we can act accordingly.
~Snip~
This is the truth: Robert Kawasaki is a good futurologist, but it doesn't have strong evidence of sense that the Central Bank of Digital Currency (CBDC) will make Bitcoin priceless. Because there have been and still will be many people who have tried and put others in there but failed to bring down Bitcoin. So the government also has the same view that there should be such a system that is under our control. The government is trying to make the Central Bank of Digital Currency (CBDC) look like Bitcoin. So the aim is for the government to put the Central Bank of Digital Currency (CBDC) in competition with Bitcoin. And according to my opinion, if I am not wrong, this talk of Robert Kawasaki doesn't make any sense; just take it as a lame excuse. Because this does not confirm anything completely. 
I am just wondering the level of interest Kiyosaki's has picked up lately towards bitcoin and for him to become more speculative on the growth of bitcoin, I think there was a post were he said of bitcoin will be $100k in the next bill run comes 2024, how come about him saying again bitcoin will be priceless and worthless. Sometimes I just feels they do this without the right knowledge of what it would come out maybe they just want to keep their face on about bitcoin, however I will never consider any statement from him because bitcoin gives us free chances to speculate about the price and it's future but doesn't mean the price goes accordingly on how they are being predicted and besides I noticed they are giving themselves hope relative to their interest in bitcoin.
Kiyosaki is trying to sell himself, that's all. He makes a lot of strange predictions, this bubble, that bubble, dollar collapse. He's an older guy and hasn't really made a lot of money from any business. AFAIK he made most of his money when he became a self-proclamed advisor. Now he's treated like an expert and he can be really rude to other people. Check out this interview if you haven't seen it yet.
I think that he isn't really interested in crypto. He talks about it because it attracts views and these days as an business vlogger you must have an opinion on bitcoin.
I think that he isn't really interested in crypto. He talks about it because it attracts views and these days as an business vlogger you must have an opinion on bitcoin.
Sometimes I think that some people want to create FUDS in the crypto market, because the big whales influence the crypto market to some extent, although later the market returns to its own pace. Because they want to buy low and sell high, these may be statements of selfishness.
So I don't smell any fear for face kinds of useless statement. Bitcoin is a digital asset, the reason it is called an asset is that it has a limited number of amount. Unlike fiat currencies that can be printed on paper at will, and their amount or number can be increases day by day. And Central Bank Digital Currency (CBDC) is the digital governing body of those fiat currencies or the digital format of those fiat currencies. So I don't think that the price of Bitcoin will become priceless, but there will definitely be volatility in the market, but it does not mean that Bitcoin will become priceless.
Fudding in the crypto space has been since the crypto created, but main thing we should concentrate on the amount of the bitcoin which is approximately 21 million, and this is very huge amount. The price of bitcoin in the past was amazing and now due to the bull market it has a bit lower but hope it will get back its original position in some months or even I can say years.So I don't smell any fear for face kinds of useless statement. Bitcoin is a digital asset, the reason it is called an asset is that it has a limited number of amount. Unlike fiat currencies that can be printed on paper at will, and their amount or number can be increases day by day. And Central Bank Digital Currency (CBDC) is the digital governing body of those fiat currencies or the digital format of those fiat currencies. So I don't think that the price of Bitcoin will become priceless, but there will definitely be volatility in the market, but it does not mean that Bitcoin will become priceless.
He just can't stop fear-mongering and finds any little reason as a cause to predict economic crashes. It is not his first, second, or third ride, and many will came. As far as I concerned, mostly all the prediction fail, yet he just keep popping a new ones.
The word priceless as used by the original poster means that Bitcoin price will appreciate with the introduction of CBDCs. Priceless in this case is not valueless but precious. Anyone can make a prediction based on their level of understanding, it might turn out wrong or right.
Neither do I consider it as valueless. What I meant is to regard the fear-mongering in the general context of "Privacy gone." "Big Brother will be watching." "Start saving GSBC & cash now before it’s too late." As per his tweet. It is been known that he usually spreads such sentiment to predict the crashes.
The problem is he excessively predict market/economic crash again and again. This is, of course, nothing wrong, but it rather makes it irritating considering how much he did it. I remember someone making a market chart, marked with Kiyosaki's wrong prediction from many years ago, and yet here we are still doing fine.
I am surprised at the current love Robert Kiyosaki suddenly has for Bitcoin. He once predicted that the Bitcoin price would drop to $9,000 or even $1,100 and now he is forecasting an ATH price. I suspect that he intends to sell some of his coins so he needs to use his structure to do some publicity. It could also be that he has changed his negative perception about Bitcoin. But anything good for Bitcoin will also suit me.
If I remember correctly he was actually advocating for bitcoin for a few years now? Probably just flipped (temporarily) bearish suddenly for whatever reason.
And I have the same sentiment with other people here — I definitely wouldn't make decisions off Kiyosaki's opinions. Dude wrote some successful books and immediately thinks he's some market god.
I saw this on twitter as made by Robert Kiyosaki and I found the idea laughable. Unfortunately I couldn't get a direct link for the screenshot so am using the information at the top of the image as my source..
The entrance of CBDC into the market makes the Bitcoin priceless a nice joke. Like how CBDC affects the price of bitcoin. There is no comparison between CBDC and Bitcoin. CBDCs are governmental and are centralized and hold the people by limiting their freedom while bitcoin gives them the freedom of their finance, The CBDC will be supported by the govt and take ownership of people's finance while bitcoin give them the ownership of their own assets. So how people will choose CBD instead of Bitcoin? Ita just a pridiction boys and pridiction sometimes happens and most of the time not. He made a lot of predictions but no one of them happened. But in this, he gives the worst prediction or maybe he is trying to make publicity of CBDC by comparing it to bitcoin as people always compare new things with valuable things to make a place for it in the market as Elon Musk does for Tesla trucks.
He just can't stop fear-mongering and finds any little reason as a cause to predict economic crashes. It is not his first, second, or third ride, and many will came. As far as I concerned, mostly all the prediction fail, yet he just keep popping a new ones.
The word priceless as used by the original poster means that Bitcoin price will appreciate with the introduction of CBDCs. Priceless in this case is not valueless but precious. Anyone can make a prediction based on their level of understanding, it might turn out wrong or right.
*snip*
~snip~In this case Kiyosaki is just being smart with marketing — something that could potentially stir both bulls and bears depending on the understanding; and at the same time the fact that it will grab media headlines(which it did).
I am surprised at the current love Robert Kiyosaki suddenly has for Bitcoin. He once predicted that the Bitcoin price would drop to $9,000 or even $1,100 and now he is forecasting an ATH price. I suspect that he intends to sell some of his coins so he needs to use his structure to do some publicity. It could also be that he has changed his negative perception about Bitcoin. But anything good for Bitcoin will also suit me.
Robert also hates CBDC, afaik as I have been following his youtube channel for a while. If his post was true and I have not really gone to his page yet but if true, he probably means more people are going to buy BTC and its price will be more than what regular people can buy. This is so much I could put words to his mouth
But truly the man is not a CBDC fan. He is more of a Gold, Silver, and BTC.He is encouraging people to buy BTC and the post is another way to tell the world to invest in BTC.
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Sometimes I think that some people want to create FUDS in the crypto market, because the big whales influence the crypto market to some extent, although later the market returns to its own pace. Because they want to buy low and sell high, these may be statements of selfishness.
So I don't smell any fear for face kinds of useless statement. Bitcoin is a digital asset, the reason it is called an asset is that it has a limited number of amount. Unlike fiat currencies that can be printed on paper at will, and their amount or number can be increases day by day. And Central Bank Digital Currency (CBDC) is the digital governing body of those fiat currencies or the digital format of those fiat currencies. So I don't think that the price of Bitcoin will become priceless, but there will definitely be volatility in the market, but it does not mean that Bitcoin will become priceless.
So I don't smell any fear for face kinds of useless statement. Bitcoin is a digital asset, the reason it is called an asset is that it has a limited number of amount. Unlike fiat currencies that can be printed on paper at will, and their amount or number can be increases day by day. And Central Bank Digital Currency (CBDC) is the digital governing body of those fiat currencies or the digital format of those fiat currencies. So I don't think that the price of Bitcoin will become priceless, but there will definitely be volatility in the market, but it does not mean that Bitcoin will become priceless.
AFAIK, he's a bitcoin bull and has always been vocal on how he's investing in Bitcoin. My understanding on what he said is in positive manner of being priceless. But if it's the negative thought that's inside of his mind or everyone's thought, remember that Bitcoin has gone through a lot of these series in the past where people have thought that it's gonna die just because there's something new and another technology that might overtake it. And over the past many years, Bitcoin has never been out of the stardom just because of these statements and opinions that's being taken by these media as if it's gonna bring some fear to other people whether the person saying it is anti or pro Bitcoin.
*snip*
Pretty much this lol. People immediately jump the wagon when they see "priceless" thinking "valueless" without taking look at the context.
In this case Kiyosaki is just being smart with marketing — something that could potentially stir both bulls and bears depending on the understanding; and at the same time the fact that it will grab media headlines(which it did).
He just can't stop fear-mongering and finds any little reason as a cause to predict economic crashes. It is not his first, second, or third ride, and many will came. As far as I concerned, mostly all the prediction fail, yet he just keep popping a new ones.
CBDC and Bitcoin discussion is an old take, there is nothing new in the table, specifically within this thread. Regular users will generally use what is convenient for them, and CBDC may be the solution for them. On the other hand, those who comprehend Bitcoin would use it as an alternative. One last thing is that both won't overtake each other.
CBDC and Bitcoin discussion is an old take, there is nothing new in the table, specifically within this thread. Regular users will generally use what is convenient for them, and CBDC may be the solution for them. On the other hand, those who comprehend Bitcoin would use it as an alternative. One last thing is that both won't overtake each other.
-snip-
In a digital world where privacy is a key challenge having CDBC gain access and saturate the bitcoin market will only mean doom for bitcoin vision.
The vision of the two will not offend each other, it is just about the battle of user interests. Bitcoin has not made any additional efforts as far as dominating the market (still in its initial vision), instead the government has made various efforts to win public trust by bringing back their currency in a new form. In a digital world where privacy is a key challenge having CDBC gain access and saturate the bitcoin market will only mean doom for bitcoin vision.
Well, I wouldn't take Kiyosaki as a reliable futurologist either. He himself has made failed predictions in the past, acknowledged later.
What he says would make a lot of sense if people valued their privacy highly, if they didn't increasingly pay for digital media from centralised entities around the world, if they didn't post half their lives on social media and so on. But we see that the trend in the world is the opposite and most people don't care about the loss of privacy of CBDCs, they already pay for everything with their smartwatch.
I think many of this people that are in the category of being careless about how they fly their private lives and details around in the public dormant without taking a second thought to ask what if... Or what implications can that mean for them in future are doing so out of ignorance. They have no understanding and judgement of how valuable data is in today's world and many persons will only be realizing this in 15-20 years from now and by then it will be too late for them to completely go private. What he says would make a lot of sense if people valued their privacy highly, if they didn't increasingly pay for digital media from centralised entities around the world, if they didn't post half their lives on social media and so on. But we see that the trend in the world is the opposite and most people don't care about the loss of privacy of CBDCs, they already pay for everything with their smartwatch.
As for Kiyosaki he's just a businessman making businessmen statement and nothing more.
My country launched E-Naira but it failed because people never paid them any attention as there was practically no need for it. I know many governements in the world are also working on something like that but I'm confident Bitcoin will prevail.
Something similar happened with the Petro in Venezuela if I am not mistaken. Let's see if my colleague Hispo from the local board can confirm. But I think these cases are going to be different from the CBDC launches of hard currencies, such as the Dollar, Euro or Yuan, where people will adopt them or at least it will not be a failure as in the cases of Nigeria and Venezuela because in general they do not have the mistrust that Venezuelans have about their currency, which is worth nothing today and worth even less tomorrow.
In the specific case of the Petro, it was a project which did not have a true decentralized system, it was not actually backed by any oil and the liquidity was very low. For example, here some years ago the government announced and Airdrop of 0,5 PTR for all public workers.
A family member of mine wanted to sell it for local currency, back them the value of the Petro was officially 65$ or so. But when I logged on the official government webpage to buy and sell Petros, I could not find anyone interested in buying for the official price, in the end I could only sell it for half of it's value in local currency.
In short, it was a failed project from the start, unlike Bitcoin which only gets stronger, the Petro is likely to be put down before we even notice (because how irrelevant it has become)
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My country launched E-Naira but it failed because people never paid them any attention as there was practically no need for it. I know many governements in the world are also working on something like that but I'm confident Bitcoin will prevail.
Something similar happened with the Petro in Venezuela if I am not mistaken. Let's see if my colleague Hispo from the local board can confirm. But I think these cases are going to be different from the CBDC launches of hard currencies, such as the Dollar, Euro or Yuan, where people will adopt them or at least it will not be a failure as in the cases of Nigeria and Venezuela because in general they do not have the mistrust that Venezuelans have about their currency, which is worth nothing today and worth even less tomorrow.
I saw this on twitter as made by Robert Kiyosaki and I found the idea laughable. Unfortunately I couldn't get a direct link for the screenshot so am using the information at the top of the image as my source..
I smell fear in this statement, fear of the government and it's co-partners about the extent of the financial freedom and privacy bitcoin has without regulatory policies handed over to people. And this freedom is looking like a threat to the government's sit of economic control creating all sorts of lies trying to deceive bitcoiners in giving out their freedom in exchange for a promising bitcoin priceless value.
We know cbdc with their inimical monetary policy control on distribution and issuance. There's no privacy in financial transactions with CDBC individuals financial details are easily accessible at anytime.
In a digital world where privacy is a key challenge having CDBC gain access and saturate the bitcoin market will only mean doom for bitcoin vision.
IMO bitcoin doesn't have to become priceless only when cdbc enters the market, as for me bitcoin is already a priceless asset to my use I don't know about you.
I smell fear in this statement, fear of the government and it's co-partners about the extent of the financial freedom and privacy bitcoin has without regulatory policies handed over to people. And this freedom is looking like a threat to the government's sit of economic control creating all sorts of lies trying to deceive bitcoiners in giving out their freedom in exchange for a promising bitcoin priceless value.
We know cbdc with their inimical monetary policy control on distribution and issuance. There's no privacy in financial transactions with CDBC individuals financial details are easily accessible at anytime.
In a digital world where privacy is a key challenge having CDBC gain access and saturate the bitcoin market will only mean doom for bitcoin vision.
IMO bitcoin doesn't have to become priceless only when cdbc enters the market, as for me bitcoin is already a priceless asset to my use I don't know about you.
I feel they just want to use Robert Kawasaki to see if they can make a point and make it look unique, More like this statement is coming from reputable individual. We've seen a lot people predict worse on bitcoin yet bitcoin has been waxing stronger.
ordinarily CBDC is government controlled and doesn't have that decentralized uniqueness of Bitcoin hence if people drift over to CBDC their financial activities will no be private as it with bitcoin.
Here in Nigeria, government has launched, CBDC coin yet nobody has asked how that coin works or even used it, even among cryptocurrency enthusiast like us. So Robert kiyosaki should take a chill pill.
I saw this on twitter as made by Robert Kiyosaki and I found the idea laughable. Unfortunately I couldn't get a direct link for the screenshot so am using the information at the top of the image as my source..
........
I smell fear in this statement, fear of the government and it's co-partners about the extent of the financial freedom and privacy bitcoin has without regulatory policies handed over to people. And this freedom is looking like a threat to the government's sit of economic control creating all sorts of lies trying to deceive bitcoiners in giving out their freedom in exchange for a promising bitcoin priceless value.
We know cbdc with their inimical monetary policy control on distribution and issuance. There's no privacy in financial transactions with CDBC individuals financial details are easily accessible at anytime.
In a digital world where privacy is a key challenge having CDBC gain access and saturate the bitcoin market will only mean doom for bitcoin vision.
IMO bitcoin doesn't have to become priceless only when cdbc enters the market, as for me bitcoin is already a priceless asset to my use I don't know about you.
........
I smell fear in this statement, fear of the government and it's co-partners about the extent of the financial freedom and privacy bitcoin has without regulatory policies handed over to people. And this freedom is looking like a threat to the government's sit of economic control creating all sorts of lies trying to deceive bitcoiners in giving out their freedom in exchange for a promising bitcoin priceless value.
We know cbdc with their inimical monetary policy control on distribution and issuance. There's no privacy in financial transactions with CDBC individuals financial details are easily accessible at anytime.
In a digital world where privacy is a key challenge having CDBC gain access and saturate the bitcoin market will only mean doom for bitcoin vision.
IMO bitcoin doesn't have to become priceless only when cdbc enters the market, as for me bitcoin is already a priceless asset to my use I don't know about you.
The "priceless" could also mean that it becomes worthless (price-is-less = worth-less). You just have to be careful with their words.
But they are free to have CBDC. It won't stop freedom loving people from using Bitcoin. And Bitcoin will continue to increase in price and become more valuable even if a small or tiny fraction of a billion people use it the right way.
Those who don't care much about freedom will stick to centralized alternatives or things with the appearance of Bitcoin.
The government is just scrambling for control in the cryptocurrency market, by all means.
We do not need CBDC for Bitcoin to be great. Bitcoin is already great and look how far it has gotten just on its own. So we can all see that there is no need for CBDC, it's just the government trying to win over something they have already lost.
We do not need CBDC for Bitcoin to be great. Bitcoin is already great and look how far it has gotten just on its own. So we can all see that there is no need for CBDC, it's just the government trying to win over something they have already lost.
That is Robert Kiyosaki's opinion, and without reading from a source that covers what he said[1], there could be misconceptions about this opinion of his:
[1] https://finbold.com/r-kiyosaki-bitcoin-will-become-priceless-when-cbdc-enters-market
Quote
According to Kiyosaki, the Fed CBDC would result in the loss of privacy but also lead to the increase in value of gold, silver, Bitcoin, and cash, which he believes will become “priceless,” and suggests investing in these assets and saving them “now before it’s too late.”
Truly cbcs's are clearly anti-privacy digital currencies that will just give the authorities more ways to keep track of people's financial activities, but i don't know how it is going to lead to an increase in the value of assets mentioned above and make them priceless. Kiyosaki just made a statement without backing it up with any explanation or probable fact and i wouldn't take anything he said here seriously.[1] https://finbold.com/r-kiyosaki-bitcoin-will-become-priceless-when-cbdc-enters-market
For me the entrance of a Central Bank Digital Currency (CBDC) into the market will not be in favour of Bitcoin as the very essence of such initiative will be to weaken Bitcoin. I know the governments will do all they can to provide something that will look like Bitcoin, something they can control because they know that digital money has come to stay. Unfortunately, they will fail at achieving a digital currency that will challenge Bitcoin.
My country launched E-Naira but it failed because people never paid them any attention as there was practically no need for it. I know many governements in the world are also working on something like that but I'm confident Bitcoin will prevail.
My country launched E-Naira but it failed because people never paid them any attention as there was practically no need for it. I know many governements in the world are also working on something like that but I'm confident Bitcoin will prevail.
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Well, I wouldn't take Kiyosaki as a reliable futurologist either. He himself has made failed predictions in the past, acknowledged later.
What he says would make a lot of sense if people valued their privacy highly, if they didn't increasingly pay for digital media from centralised entities around the world, if they didn't post half their lives on social media and so on. But we see that the trend in the world is the opposite and most people don't care about the loss of privacy of CBDCs, they already pay for everything with their smartwatch.
What he says would make a lot of sense if people valued their privacy highly, if they didn't increasingly pay for digital media from centralised entities around the world, if they didn't post half their lives on social media and so on. But we see that the trend in the world is the opposite and most people don't care about the loss of privacy of CBDCs, they already pay for everything with their smartwatch.
I saw this on twitter as made by Robert Kiyosaki and I found the idea laughable. Unfortunately I couldn't get a direct link for the screenshot so am using the information at the top of the image as my source..
I smell fear in this statement, fear of the government and it's co-partners about the extent of the financial freedom and privacy bitcoin has without regulatory policies handed over to people. And this freedom is looking like a threat to the government's sit of economic control creating all sorts of lies trying to deceive bitcoiners in giving out their freedom in exchange for a promising bitcoin priceless value.
We know cbdc with their inimical monetary policy control on distribution and issuance. There's no privacy in financial transactions with CDBC individuals financial details are easily accessible at anytime.
In a digital world where privacy is a key challenge having CDBC gain access and saturate the bitcoin market will only mean doom for bitcoin vision.
IMO bitcoin doesn't have to become priceless only when cdbc enters the market, as for me bitcoin is already a priceless asset to my use I don't know about you.
I smell fear in this statement, fear of the government and it's co-partners about the extent of the financial freedom and privacy bitcoin has without regulatory policies handed over to people. And this freedom is looking like a threat to the government's sit of economic control creating all sorts of lies trying to deceive bitcoiners in giving out their freedom in exchange for a promising bitcoin priceless value.
We know cbdc with their inimical monetary policy control on distribution and issuance. There's no privacy in financial transactions with CDBC individuals financial details are easily accessible at anytime.
In a digital world where privacy is a key challenge having CDBC gain access and saturate the bitcoin market will only mean doom for bitcoin vision.
IMO bitcoin doesn't have to become priceless only when cdbc enters the market, as for me bitcoin is already a priceless asset to my use I don't know about you.
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