I smell fear...

[Lida93]

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.

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[Don Pedro Dinero]

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.

[Odohu]

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.

[Z-tight]

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:

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

[Emmanuelex]

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.

[Ucy]

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.

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.

[Spaceman1000$]

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 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.

[Don Pedro Dinero]

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.

[Hispo]

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)

[Lida93]

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.
As for Kiyosaki he's just a businessman making businessmen statement and nothing more.

[noorman0]

-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.

[vv181]

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.

[mk4]

*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).

[tabas]

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.

[Crypto Library]

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.

[bittraffic]

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.

[Zlantann]

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.

[JunaidAzizi]

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.

[mk4]

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.

[vv181]

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.