The author of the book “Rich Dad, Poor Dad”, famous real estate investor Robert Kiyosaki talked about China’s latest move towards digital currencies. According to Kiyosaki, China is putting its pressure on crypto assets to pave the way for its own digital currency, the digital yuan.
Kiyosaki evaluated the latest developments in the crypto asset market in his post on his Twitter account. Referring to China’s crypto money strategies, the famous investor said that he thinks that China’s move paves the way for launching its own CBDCs (central bank digital currency).
Countries will be able to track all income and expenses of their citizens using CBDCs:
According to market commentators’ previous statements, countries will use CBDCs to tighten control over people’s bank accounts so that they have full information on all income and expenditures. The People’s Bank of China has also made some statements in the past that would allow such comments.
As it is known, China caused another sharp decline yesterday by banning crypto-asset transactions once again, updating and republishing old documents. After the news, Bitcoin regressed to $ 40,000, while Ethereum saw below $ 3,000, and there were serious decreases in many altcoins.
It is possible to say that Kiyosaki is likely to be right when we consider the restrictive attitudes that China has exhibited towards cryptocurrencies until the banning of crypto currency mining. Because, in a statement made by the People’s Bank of China in the past weeks, it was stated that there is no value supporting cryptocurrencies. However, this situation will disappear if a crypto currency backed by the Chinese government is released.
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