Robert Kiyosaki Asks Whether It's Time To Say 'Bye Bye' To Bitcoin After Citibank Launches New Blockchain Service

Author of “Rich Dad Poor Dad,” Robert Kiyosaki, pondered whether it was time to bid farewell to both— Bitcoin BTC/USD and the U.S. Dollar.

What Happened: In a statement on X, formerly Twitter, Kiyosaki said, "Citibank announced today it is offering bank blockchain technology to turn institutional savings into Citibank tokens which can be used for instantaneous 24/7 cross border transactions. Bye bye BC & US $?"

Kiyosaki’s question arose following Citigroup Inc.-owned C Citibank‘s announcement of a business service that incorporates blockchain technology. The service, known as Citi Token Services, aims to revolutionize instant payments through the use of smart contracts.

Citi Token Services facilitates the scheduled transfer of tokenized deposits, enabling swift and seamless payments that can be conducted around the clock.

Will The SEC Finally Approve Long-Awaited Bitcoin Spot ETF? Ask industry experts directly at Benzinga's Future of Digital Assets event happening in NYC on Nov. 14, 2023. Be a part of the discussions where you won't just be a passive spectator. Don't let this chance slip away – secure early bird discounted tickets now!

See More: A Stay At The Floating Palace From James Bond's ‘Octopussy

Why It Matters: Last week, taking to X, Kiyosaki on Sunday said that fiat money is "toast" and crypto is the way forward.

Kiyosaki shared his thoughts while attending the TOKEN2049 cryptocurrency conference in Singapore. “Crypto is the future. Fiat…a.k.a. FAKE money is toast,” he tweeted.

Kiyosaki has expressed his admiration for gold, silver, and Bitcoin, which he refers to as "digital gold." He believes these assets are of utmost importance. In fact, in April he predicted that Bitcoin would soon reach $100,000, attributing this to Bitcoin being the "people's money" and gold and silver being "God's money." 

Photo: Robert Kiyosaki Wikimedia Commons

Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?