US President Joe Biden recently signed an executive order that directed various US government agencies to study a wide range of cryptocurrency related topics including future regulation, consumer protection safeguards, and the possibility of a CBDC (central bank digital currency). Although the executive order itself is worth a read, I think that the reaction to the executive order serves as a good reminder of why doing our own research and fact checking our sources is important.

Note: After recording the video, it appears that Kiyosaki's initial prediction was made even BEFORE the executive order was released, so bear this in mind when watching the video. Rather than weakening the points in this video, I think that makes the points of the video even more pertinent because Kiyosaki's dreary prediction wasn't a result of the EO, but rather an anticipation of the EO.

References

https://twitter.com/theRealKiyosaki/status/1501239532158693376

https://www.whitehouse.gov/briefing-room/statements-releases/2022/03/09/fact-sheet-president-biden-to-sign-executive-order-on-ensuring-responsible-innovation-in-digital-assets/

https://www.forbes.com/sites/jasonbrett/2022/03/11/bidens-new-executive-order-on-digital-assets-fuels-us-crypto-economy/?sh=7d3ecfd277af