Robert Kiyosaki, the author of “Rich Dad Poor Dad,” on Thursday tweeted about the future of Bitcoin (CRYPTO: BTC) in light of the potential introduction of a Central Bank Digital Currency (CBDC). 

What Happened: Kiyosaki raised concerns about the erosion of privacy and the increasing surveillance associated with CBDCs, suggesting that traditional assets such as gold, silver, Bitcoin, and cash could become invaluable in an era dominated by central bank digital currencies. 

"FED CBDC coming. Privacy gone. Big Brother will be watching. When CBDC enters [the] market Gold, Silver, Bitcoin & Cash will become priceless. Start saving GSBC & cash now before it's too late," Kiyosaki said.

CBDCs would be government-issued and backed, aiming to provide widespread access to digital forms of currency for the general public. 

The Federal Reserve acknowledges the potential advantages of CBDCs, including convenient electronic access to central bank money for US citizens, facilitating faster and cheaper transactions, and enhancing consumer accessibility to the financial system. However, concrete plans for the implementation of a CBDC in the United States are yet to be unveiled.

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In a press conference on September 13, Emmer said, “The administration has made it clear: President Biden is willing to compromise the American people's right to financial privacy for a surveillance-style CBDC.”