Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, believes that certain assets, including Bitcoin, will become “priceless” as the Federal Reserve works on a controversial project. Kiyosaki has 2.4 million followers on the social media platform X, and he has warned them that the Fed’s central bank digital currency (CBDC) will make certain assets invaluable. In July, the Federal Reserve Bank of San Francisco posted job ads for a senior crypto architect and a CBDC product manager to perform research and development relating to a CBDC. Republican Congressman Warren Davidson has called for an outright ban on CDBCs, as he foresees the government using the technology to exert more control over the general population. Kiyosaki has also reiterated the impact of hyperinflation and why people should accumulate finite assets like gold, silver and Bitcoin. At the time of writing, Bitcoin is worth $27,926, up over 3% in the last 24 hours.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | Warren Davidson, Robert Kiyosaki |
| Companies | Bitcoin (BTC), Federal Reserve Bank of San Francisco, X, Federal Reserve, Congressman Warren Davidson |
| Currencies | US Dollar, Gold, Ethereum, Bitcoin, Silver |
| Securities | None |
