Best-seller “Rich Dad Poor Dad” author Robert Kiyosaki, also famous for his investments and advocacy for Bitcoin, posted a defense of the biggest cryptocurrency on Twitter the day China officially announced the digital yuan, its currency. central bank issued digital (CBDC).
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According to Kiyosaki, the announcement of the imminent launch of China’s CBDC is good for Bitcoin, as it announces that it will expand its funds in BTC, betting on the appreciation of the currency from the implementation of the digital yuan.
“China’s announcement to create a government digital currency is good news for Bitcoin. I’d rather have Bitcoin than a government-watched fake cryptocurrency. I’m going to buy more Bitcoin ”.
Financial celebrities’ optimism about Bitcoin has been around for a long time, but only now has it been associated with the launch in China of the world’s most anticipated CBDC.
Unlike the Chinese CBDC, which will answer to the Asian giant’s central bank, Bitcoin is a decentralized currency, with a limited supply and without a central authority, therefore inviolable and free from manipulation by governments.
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In December 2020, Kiyosaki made a correct bet on the price of Bitcoin, saying that the cryptocurrency would hit $ 50,000 in 2021. The coin has already hit $ 62,000 this year and some experts are betting as high as $ 100,000.
Despite the optimism, he also issued a warning to investors in the cryptocurrency market. Faced with the dizzying rise of Bitcoin in the last 12 months, with the pandemic gaining severity around the world, he said in September last year that the acceleration of vaccines and the possible return to “normal life” could trigger a Bitcoin crash. . Earlier in August, he recommended buying BTC “before the big banking crisis.”
This Wednesday, the largest cryptocurrency is facing a correction of around 3%, trading above $ 56,000. In recent weeks, Bitcoin has faced resistance at $ 60,000, and then has attempted to break through the all-time high of $ 62,000. Despite the correction, the largest cryptocurrency closed the month of March with a rise of 17%.