Rich Dad Poor Dad author Robert Kiyosaki believes that a number of assets including Bitcoin (BTC) will become “priceless” as the Federal Reserve works on a controversial project.
The best-selling author tells his 2.4 million followers on the social media platform X that the Fed’s central bank digital currency (CBDC) will make certain assets invaluable.
“Fed CBDC is coming. Privacy gone. Big Brother will be watching. When CBDC enters the market, gold, silver, Bitcoin and cash will become priceless. Start saving GSBC (gold, silver and Bitcoin) and cash now before it’s too late.”
In July, the Federal Reserve Bank of San Francisco posted a job ad for a senior crypto architect to perform research and development relating to a CBDC. In the same month, the San Francisco Fed also posted a job ad for a CBDC product manager.
Earlier this year, Republican Congressman Warren Davidson called for an outright ban on CDBCs as he foresees the government using the technology to exert more control over the general population.
Kiyosaki also reiterates the impact of hyperinflation and why people should accumulate finite assets like gold, silver and Bitcoin.
“Many people think HYPERINFLATION means prices are going UP. It means the exact opposite. Hyperinflation means the purchasing power of your money is going [down]. Don’t be a loser. Buy gold, silver, and Bitcoin, and be a winner, not a loser.”
At time of writing, Bitcoin is worth $27,926, up over 3% in the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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