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Amid the financial world’s debate over which asset is a better option—gold or Bitcoin (BTC)—popular investor Robert Kiyosaki has weighed in with his views on the discourse. Kiyosaki, the author of the best-selling personal finance book Rich Dad Poor Dad , expressed his frustration about why the debate exists in the first place, he lamented in an X post on September 13. The financial educator pointed out that the ‘only facts that count’ are the ownership of the assets rather than focusing on which performs better in the market or offers superior technological innovation. Picks for you Crypto millionaire loses over $40 million with this trade 53 mins ago Revealed - Here's the S&P 500 best trading strategy since laun...

The direction of X is set to change, with plans to intertwine its social media capabilities with financial tools. Get insights into this transition. Elon Musk, the brains behind Tesla and SpaceX, has a new vision: turning X (previously Twitter) into a one-stop financial hub.  After buying and renaming Twitter to X, Musk wants to evolve it from a social media platform to a full-fledged financial services giant. The idea is for users to handle their entire financial lives within X – from chatting with friends to buying stocks. Let’s dive deeper into Musk’s plan and what it could mean for the future. You might also like: Elon Musk has big plans for crypto: analyst Merging social and financial worlds: the X blueprint With an ambitious roadmap set until 2024, Musk aims to pivot X from being a social media platform to an integrated financial hub, blending day-to-day social interactions with comprehensive financial tools. On traditional platforms, you’d l...

The IMF's Kristalina Georgieva said wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.” A myriad of unforeseeable “consequences” will be brought about by retail central bank digital currencies (CBDCs), the managing director of the International Monetary Fund (IMF) claimed. The IMF's Kristalina Georgieva erred on the side of caution regarding retail CBDCs in a May 1 interview at the Milken Institute’s 2023 Global Conference. Georgieva explained the IMF considers retail CBDCs to have far more room for error than wholesale CBDCs. “We think that wholesale CBDCs can be put in place with fairly little space for undesirable surprises, whereas retail CBDCs completely transform the financial system in a way that we don’t quite know what consequences it could bring.” Retail CBDCs are state-backed virtual currencies issued by central Banks for use by consumers and businesses. Wholesale CBDCs are similarly central bank-issued but are designed to allow...