Robert Kiyosaki, the author of one of the best-selling books of all time, “Rich Dad Poor Dad,” has recently shared that he has added more Bitcoin to his portfolio. In addition to this, Kiyosaki believes that Bitcoin is like an opportunity to break away from government surveillance.
Robert Kiyosaki Added More Bitcoin to His Portfolio
In a recent tweet, the author Robert Kiyosaki says he is buying Bitcoin because of the anxieties that he had over Digital Yuan.
China announcing government crypto today is good news for Bitcoin. Would rather have Bitcoin than government fake surveillance crypto. Buying more Bitcoin.
— therealkiyosaki (@theRealKiyosaki) April 7, 2021
Digital Yuan is a federally-controlled version of BTC, that was put to trial by the People’s Bank of China after taking years for its development.
It falls particularly in the category of Central Bank Digital Currencies, the sole purpose of which is to put a currency issued by the government on top of any private blockchain ledger.
Whereas, Bitcoin serves as a decentralized cryptocurrency and managed by hundreds of thousands of people or miners.
With the involvement of China in the Central Bank Digital Currencies space, things have become more about acquiring virtual control over the financial lives of people.
Robert Kiyosaki believes bitcoin may reach 1.2 million in five years.
“I wish I’d bought it at 10 cents like a lot of people did, but now I look like a genius because today it’s around $55,000… and I think it’s gonna go to 1.2 million in five more years.
A Wall Street Banker shared a statement with the Financial Times, who noted that the dependable sovereignty of President Xi Jinping would make use of the digital Yuan to bring daily dealings of people under its radar.
The senior analyst at the Australian Strategic Policy Institute, Samantha Hoffman, said:
“The [digital renminbi] is heavily about the [Chinese Communist] party’s ability to exercise control.”
Why the Oldest Cryptocurrency Is Better than Digital Yuan
Kevin O’Leary, the Shark Tank investor, released a statement citing the carbon issues related to the crypto mining process. He said that he would rather purchase Bitcoin than China’s blood money.
In addition to this, he has also stated the increasing concerns of investors over the excessive control of China on Bitcoin.
It should be noted that the price of Bitcoin has surged significantly in the year 2021 due to the rise in interest of the institutional investors in the cryptocurrency.