News
R. Kiyosaki warns that the US dollar will collapse as the “BRICS gold cryptocurrency” emerges.
Among the warnings of a serious financial collapse, famous investor and best-selling author personal finance book “Rich Dad, Poor Dad”, Robert Kiyosakishared his views on why the United States dollar, in particular, may suffer as a new currency threatens its global dominance.
Specifically, Kiyosaki was visiting South Africa, “watching and listening to the rumors about what will happen when the BRICS nations, Brazil, Russia, India, China, South Africa produce BRICS cryptocurrencypossibly supported by gold”, as he told his followers in a X post published May 12.
Hyperinflation on the horizon
Indeed, according to the famous finance educator, if the rumors were true, it would mean a loss of value for the US dollar and hyperinflation in the United States, and recommended invest money in alternative assets, including gold, silverand Bitcoin (Bitcoin) to protect yourself from this accident:
“If the BRICS gold cryptocurrency happens, trillions of fake money and fiat US dollars will rush home to America causing hyperinflation in America, ultimately destroying the US dollar. It is better to buy real gold, silver and Bitcoin now, and protect yourself from the collapse of the US dollar.”
As a reminder, Kiyosaki recently stepped up his apocalyptic warnings, highlighting the incident it has already startedreporting the end of the US dollarand that the dire situation is only getting worse “because our debt continues to rise,” with the demise of the dollar the primary reason for accumulating the aforementioned resources.
More recently, he She said that most people were living in “Disneyland” instead of preparing for the crisis using a strategy he considers the best – starting their own business, using debt as money to buy cash-flowing assets like rental properties, and saving gold, silver and other goods. girl cryptocurrency.
Robert Kiyosaki and Bitcoin
Interestingly, the author of “Rich Dad Poor Dad” also admitted to being a latecomer cryptocurrency sector AND don’t know much on cutting-edge decentralized finance (DeFi), but he was still a fan, including Bitcoin in most of his recommendations.
Furthermore, he agreed with the founder and CEO of ARK Invest, Cathie Woodand she extremely bullish prediction that the price of Bitcoin in USD may hit $2.3 million. For now, Bitcoin is trading at $61,639, gaining 1.55% on a daily basis, but losing 4.57% over the past week and losing 8.58% on the monthly chart.
Disclaimer: The content of this site should not be considered investment advice. Investing is speculative. When you invest, your capital is at risk.