- Kiyosaki has advocated for investment in gold, silver, and the flagship cryptocurrency, Bitcoin (BTC).
- He also predicts that Bitcoin’s price could soar to an impressive $120,000 within the next year.
Against the backdrop of mounting warnings regarding a potential recession in the United States, a prominent investor and author Robert Kiyosaki, known for his best-selling personal finance book ‘Rich Dad Poor Dad,’ has offered a grim prediction concerning the fate of fiat money following the upcoming BRICS meeting in August.
Kiyosaki specifically cautioned that the forthcoming summit of the BRICS nations, scheduled to commence on August 22, 2023, in Johannesburg, South Africa, would signal the demise of fiat currency. This warning was conveyed through a tweet he shared on July 13.
Giant crash coming. Fake money-aka fist currency to die. BRUCS meeting in S. Africa August 22 to put nail in coffin of fiat…fake money. Get into real gold, silver & Bitcoin asap. Take care. End of fiat (fake) money near.
— Robert Kiyosaki (@theRealKiyosaki) July 13, 2023
Moreover, the financial educator has advocated for investment in gold, silver, and the flagship cryptocurrency, Bitcoin (BTC), to safeguard against the consequences of the anticipated massive crash, which he believes will be a decisive blow to fiat money.
Previously, Kiyosaki expressed his belief that during the scheduled meeting in South Africa, the BRICS heads of state would announce the introduction of a gold-backed cryptocurrency. This assertion was based on a report by the Russian English news channel RT, which indicated that the coalition planned to unveil a new trading currency backed by gold to replace the US dollar.
Consequently, Kiyosaki said that the fiat currency in the US “will die” as “trillions of US $ rush home” and bring “inflation through the roof.”
BRICS Alliance’s Impact on Bitcoin and Gold-Backed Crypto
Bitcoin (BTC), the dominant cryptocurrency, has seen a notable revival in the cryptocurrency market, characterized by widespread bullish reversals. Within this market momentum, renowned author Robert Kiyosaki has revealed an ambitious price target for cryptocurrency.
Kiyosaki’s forecast coincides with his recognition of the potential influence of the BRICS alliance’s adoption of the gold standard and their anticipated announcement of a gold-backed cryptocurrency in the coming times. This development has revitalized Kiyosaki’s unwavering belief in Bitcoin and its prospects as a lucrative long-term investment.
In a recent Twitter post, Kiyosaki presents a bold forecast regarding the prominent cryptocurrency, Bitcoin. He asserts that as BRICS embraces a gold-backed cryptocurrency, this development bodes well for the leading digital coin. Kiyosaki draws attention to the BRICS alliance’s efforts in adopting the gold standard, indicating a potential shift in the valuation of the US dollar (USD).
According to his prediction, the BRICS countries are expected to unveil a gold-backed cryptocurrency in the upcoming month. This move could challenge the established order and have wide-ranging consequences for the USD. Anticipating a potential devaluation of the USD, Kiyosaki advises his followers to explore alternative investments such as gold and silver to protect against the projected surge in inflation.
Anticipation of Bitcoin Reaching $50,000 by Year’s End
Despite recent events that have caused uncertainty among mainstream investors regarding Bitcoin, Kiyosaki remains an unwavering advocate of the leading digital currency. Renowned for his proven theories on market trends and investment strategies, Kiyosaki’s latest assertion strengthens Bitcoin’s prospects.
August 22, 2023, in Johannesburg, South Africa, BRICS nations announce gold backed crypto. US $ will die. Trillions of US $ rush home. Inflation through the roof. Buy Gold,
Silver. Bitcoin to $120k next year.— Robert Kiyosaki (@theRealKiyosaki) July 11, 2023
Additionally, he said that he Is confident that Bitcoin’s price could soar to an impressive $120,000 within the next year. With his steadfast belief in Bitcoin, Kiyosaki maintains his position as a trusted voice in the investment community, inspiring many to consider the cryptocurrency’s potential for significant long-term gains.
Interestingly, Kiyosaki is not alone in such a prediction. Standard Chartered Bank, a renowned global institution, also forecasts a Bitcoin value surge. Analysts at the bank anticipate that Bitcoin could reach $50,000 by the end of this year, generating considerable excitement among investors.
Currently, BTC is trading at $30,591.33, showcasing its resilience and increasing attractiveness.
