- Robert Kiyosaki highlights impending gold-backed crypto by BRICS nations.
- Kiyosaki expects trillions of {dollars} to go away the US greenback to house BRICS nations.
- He predicts that the worth of Bitcoin will likely be $120,000 subsequent yr.
In a latest tweet, famend writer and investor Robert Kiyosaki hinted at an imminent announcement by BRICS nations, together with Brazil, Russia, India, China and South Africa, concerning a cryptocurrency revolutionary backed by gold.
Kiyosaki foresees a big problem to the dominance of the US greenback because of the impending improvement of the BRICS nations. He additionally predicts a staggering enhance in Bitcoin’s worth to $120,000 over the subsequent yr.
“Purchase gold, silver; Bitcoin at $120,000 subsequent yr,” Kiyosaki remarked.
In response to the monetary skilled, if the BRICS nations pursue the introduction of gold-backed cryptography, it might set off a paradigm shift in international finance. He believes it might additionally lead to an enormous outflow of capital from the US greenback, probably inflicting billions of {dollars} to return to their respective nations of origin.
The distinguished monetary educator’s view caught the eye of traders and pundits inside and out of doors the crypto neighborhood, with many anticipating the anticipated drop within the US greenback. Nonetheless, not everybody was satisfied by Kiyosaki’s predictions. A Twitter person Specific skepticism in regards to the projections, calling the forecasts ineffective.
In the meantime, Kiyosaki’s latest tweet wasn’t the primary time he is sounded the alarm in regards to the dire state of the US economic system. As Coin Version reported, Kiyosaki had referred to as the debates amongst politicians over elevating the US debt ceiling “unhealthy comedy,” dismissing them as a theatrical spectacle.
Kiyosaki argued that the exhausting information pointed to the US being bankrupt, burdened with unfunded liabilities that exceeded a staggering $250 trillion, together with Social Safety. Subsequently, he urged his followers to take motion by investing in Bitcoin. Kiyosaki beforehand argued that Bitcoin will hit $500,000 in 2025.
