Renowned investor and author Robert Kiyosaki, famous for his finance book “Rich Dad, Poor Dad,” has made a bold prediction regarding the future of Bitcoin (BTC) and the decline of the US dollar.
According to Kiyosaki, BTC will experience a remarkable surge of over 290%, reaching an impressive value of $120,000 by 2024.
Taking to Twitter, Kiyosaki emphasized that the surge in Bitcoin’s value will be driven by the anticipated downfall of the US dollar, which will occur as a result of the launch of the new currency by the BRICS countries, namely Brazil, Russia, India, China, and South Africa.
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
Kiyosaki confidently stated that the forthcoming BRICS currency will be a revolutionary gold-backed cryptocurrency. In a tweet, he specifically mentioned, “On August 22, 2023, in Johannesburg, South Africa, BRICS nations will announce gold-backed cryptocurrencies.
The US dollar will meet its demise, leading to a massive influx of trillions of US dollars back to the homeland, causing skyrocketing inflation. To safeguard against this, I recommend investing in gold, silver, and Bitcoin, which is projected to reach $120,000 next year.”
The Rise of BRICS Currency
The introduction of the BRICS currency is expected to take place during the upcoming BRICS Summit in South Africa, commencing on August 15. This new currency, which will be backed by gold, stands in stark contrast to the credit-backed US dollar.
The Russian embassy in Kenya issued a statement indicating that the decision regarding the currency launch will be made a month before the summit in Johannesburg.
As the initiative gains momentum, an increasing number of countries express their interest in joining this influential bloc.
Joining the BRICS Bloc
Numerous nations have recently shown a strong desire to align themselves with the BRICS bloc. The statement from the Russian embassy highlights the growing interest from countries willing to participate in this influential alliance.
The prospect of a gold-backed currency has garnered substantial attention and support, driving more nations to explore the possibility of joining the bloc.
In conclusion, Robert Kiyosaki’s forecast of Bitcoin’s surge to $120,000 and the impending fall of the US dollar with the introduction of the BRICS currency has generated significant interest and speculation in financial circles.
As the BRICS Summit approaches, the world waits to witness the unveiling of this innovative gold-backed cryptocurrency, and its potential impact on the global economic landscape.
Investors are advised to consider diversifying their portfolios with assets such as gold, silver, and Bitcoin to navigate the impending changes in the financial markets.
The BRICS currency is a special money created by a group of countries. Some people think it might become so strong that it could affect the power of the dollar. Additionally, Robert Kiyosaki believes that the BRICS currency could make Bitcoin’s value go up a lot, possibly reaching $120,000. It’s important to stay curious and keep learning about money because the world of finance is always changing.
If you have any more questions or want to know more about the world of money, don’t hesitate to ask a grown-up or explore reliable sources. The more you know, the better prepared you’ll be to navigate the exciting world of finance!
Frequently Asked Questions
What is the BRICS alliance?
The BRICS alliance is a group of five countries: Brazil, Russia, India, China, and South Africa. They have joined together to support each other and work together on important things, like money and trade.
Can the BRICS currency really kill the dollar?
Some people think it’s possible, but it’s hard to say for sure. The dollar has been very powerful for a long time, but things can change in the world of money.
How does Bitcoin work?
Bitcoin is a special kind of money that exists only on computers. It uses something called blockchain technology to keep track of who has how much Bitcoin. It’s like a big digital ledger that everyone can see, but nobody can change.
Should I invest in Bitcoin?
Investing in Bitcoin can be a risky thing, especially because its price can go up and down a lot. It’s always a good idea to talk to grown-ups or experts before making any investment decisions.
How can I stay updated on the latest financial news?
There are many ways to stay updated on financial news. You can watch the news on TV, read newspapers or magazines, or even follow trusted websites and social media accounts that talk about money and finance.
This announcement is not directed at investors or potential investors and does not constitute an offer to sell or a solicitation of an offer to buy any securities. It should not be used or relied upon to evaluate the merits of any investment.
Any projections, estimates, forecasts, targets, prospects, and opinions expressed in this release are subject to change without notice. The contents herein should not be construed as or relied upon as investment, legal, tax, or other advice.
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