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.

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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