Famous Investor Evaluates China’s Cryptocurrency Moves

Famous real estate investor Robert Kiyosaki, author of “Rich Dad, Poor Dad” talked about China’s latest move towards digital currencies. According to Kiyosaki, China pressure on crypto assets own digital currency It is doing so to pave the way for the digital yuan.

Kiyosaki evaluated the latest developments in the crypto asset market in his post on his Twitter account. The famous investor, who touched on China’s crypto money strategies, said that with this move of China. pave the way for launching their own CBDC (central bank digital currency) He said he was thinking.

Countries will be able to track all income and expenses of their citizens using CBDCs:

According to the previous statements made by market commentators, countries tightening control over people’s bank accounts will use the CBDCs for 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 drops to $40,000n 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 last week, there is no value supporting cryptocurrencies statements were made. However, this situation will disappear if a crypto currency backed by the Chinese government is released.