Robert Kiyosaki, the author of the famous book Rich Dad Poor Dad, has made a bold prediction about the future of Bitcoin. According to Kiyosaki, the cryptocurrency is set to shoot up to $120,000 in value. This comes as the BRICS nations, consisting of Brazil, Russia, India, China, and South Africa, reportedly work together to launch a gold-backed currency that could potentially dethrone the US dollar.
Kiyosaki believes that the BRICS alliance’s move to adopt a gold-backed currency could pose a significant threat to the dominance of the dollar, leading to its devaluation. He predicts that this important step will take place on August 22, 2023, in Johannesburg, South Africa. In response, Kiyosaki envisions a scenario where trillions of US dollars will flood back into the United States, causing a massive inflation spike.
To protect against this anticipated surge in inflation, Kiyosaki advises his followers to diversify their investment portfolios and consider alternative assets such as gold, silver, and Bitcoin. He is a vocal supporter of Bitcoin and has been impressed with its resilience, particularly in times of economic uncertainty. Kiyosaki previously observed Bitcoin’s climb to $20,000, followed by a sharp drop to almost nothing. However, he quickly recognized its potential and decided to invest in it when it reached $6,000. Kiyosaki praises Bitcoin for its independence from governmental control and believes it will reach $100,000 in value.
At the time of writing, Bitcoin is currently trading at $30,599, showing a 0.38% increase in the last 24 hours. Despite this increase, there is still significant volatility in the cryptocurrency market.
Kiyosaki’s prediction comes amidst discussions surrounding the future of cryptocurrencies and their potential impact on traditional financial systems. The BRICS nations’ decision to potentially introduce a gold-backed currency reflects their desire to build an alternative, more stable financial framework outside of the US dollar’s influence.
It is important to consider different perspectives on this matter, as the shift to a gold-backed currency could have both positive and negative implications for the global economy. While some experts argue that such a move could provide stability and reduce the dollar’s hegemony, others believe it could lead to increased economic competition and potential conflicts between nations.
Regardless of the outcome, it is clear that cryptocurrency investments are becoming an attractive option for individuals looking to safeguard their wealth against potential economic crises. Kiyosaki’s advice to diversify portfolios and consider alternative assets like gold, silver, and Bitcoin proves valuable in a world that is constantly evolving.
As August 22, 2023, approaches, it will be interesting to see whether the BRICS nations follow through with their plans and how it will ultimately impact the global financial landscape. In the meantime, investors are advised to stay informed and make educated decisions based on their financial goals and risk tolerance.
Disclaimer: The information provided in this article is for informational purposes only. It should not be considered financial or investment advice. It is always recommended to conduct thorough research and consult with a professional financial advisor before making any investment decisions.
