According to Robert Kiyosaki, a renowned writer on private finance, the measure established by the current president of the United States for the issuance of a digital dollar is believed to end up being a total fraud. So, one of the best means of getting Bitcoins is buying them from a renowned exchange like the Immediate Edge.
He is also a recognized investor and owner of several companies that describes this new digital dollar as an authoritarian measure without freedom of decision by the economically active population.
The government is always looking for a way to deceive the community, injecting uncontrolled amounts of Fiat currency into the market to excite the working hand, unlike educated people who invest and save in silver, gold, and cryptocurrencies.
The banking system and the FED are defined as two arbitrary regulatory entities used to impose rules and legislate all kinds of commercial operations, appearing to follow the rules when they do not and hiding many secrets under their management.
Cryptocurrencies will be more legal than the new digital dollar
Thanks to the decentralization that characterizes cryptocurrencies, they are not under the control of any government or financial institution; they become currencies with much more demand in the market and provide excellent security.
Cryptocurrencies can be managed by their own decision; that is, third parties do not intervene in the execution of the processes, and only the autonomous owner has the power to operate with their crypto assets.
The dollar, despite being a digital currency, will end up being the official currency of the central financial institution of the United States. In the same way, inflation will be part of its economic development, unlike the bitcoin, which has a limited amount of emission in 21 million units.
Because money is Fiat, it is not a guarantee that it will always remain stable in terms of its value and force in trade, as in the case of South American countries where inflation has even managed to eliminate their currency in circulation.
Global financial uncertainty
The economy is currently experiencing very high inflation rates, generating the possibility of global destabilization, which is why experts suggest investing in crypto assets such as gold and digital currencies such as bitcoin and not in the fraudulent digital dollar.
The centralization of the digital dollar could lead to very significant losses for most entrepreneurs and investors who confidently deposit all their assets in this new digital currency.
Robert Kiyosaki defines bitcoin and the other recognized cryptocurrencies as the salvation in the face of this measure imposed with excessive authority by the US government.
It is speculated that a day called Day C is about to come, which will be on 12/13/22 when the current economic system will collapse, where the dollar will not support a return. As a result, paper money will become useless, giving way to the issuance of the central bank digital currency or CBDC, by which governments will be governed to continue the unlimited distribution of money.
This CBDC does not represent a favorable outcome; on the contrary, it will create more inflation and instability within the financial system, causing capital loss.
Future of the digital dollar in the financial market
The entities in charge of creating this new digital asset study how it will be developed within the economic sphere, what consequences its use and implementation will bring, and the possibilities of financial inclusion of the population.
Regardless of whether it is considered a fraud, many claims that it could become a new reliable investment tool, backed by institutions with a recognized track record, providing security and confidence when investing or making payments for goods or services.
Other countries worldwide have already implemented this idea, which has not suffered significant imbalances but has managed to obtain benefits for their financial systems.
It is crucial to emphasize that these digital issues of Fiat currencies must be backed by the supervisory institutions of each country’s economy.
Conclusion
The issuance of the digital dollar represents for many a way out of the uncertainty related to cryptographic investments; just as for others, it is the worst mockery by the US government for its citizens since they do not have a clear idea of what their intention would be.
Due to the current financial destabilization, the population, in its desperation, sees any alternative as a possibility of economic growth without being fully informed of what is the genuine interest of the governments with these sudden financial solutions.
In their eagerness to keep their interest safe, governments take measures without thinking about the collateral damage they can cause to those who depend directly on their work and what they obtain from it through economic exchange with the different currencies, whether digital or traditional.
