Sunday, June 16, 2024

Renowned ‘Rich Dad Poor Dad’ Author Makes Bold 2024 Bitcoin Forecast Amid BRICS’ Efforts to Challenge the Dominance of the US Dollar

Renowned author of the highly acclaimed personal finance best-seller, ‘Rich Dad Poor Dad,’ Robert Kiyosaki, is creating waves with a bold prediction about Bitcoin (BTC) in the upcoming year, coinciding with the escalating efforts to challenge the dominance of the US dollar.

Sharing his insights with his substantial Twitter following of 2.4 million, Kiyosaki confidently asserts that he expects the king cryptocurrency to reach an impressive $120,000 in 2024, representing an astonishing surge of over 290% from its current value of $30,613.

His conviction stems from his belief that the primary driving force behind this six-figure growth will be a weakened US dollar, a consequence of the collaborative economic alliance among nations collectively known as BRICS (Brazil, Russia, India, China, and South Africa). According to Kiyosaki, this alliance intends to introduce a new currency specifically designed to rival the US dollar.

Kiyosaki goes further, predicting that this novel currency will be a gold-backed cryptocurrency. He points to a momentous occasion—August 22, 2023, in Johannesburg, South Africa—where he anticipates the official announcement of the gold-backed crypto by the BRICS nations. According to his forecast, this pivotal event will trigger a massive influx of trillions of US dollars back into the home country, resulting in skyrocketing inflation. As a hedge against this tumultuous financial climate, Kiyosaki advises investors to consider acquiring gold, silver, and, notably, Bitcoin, which he expects to surge to $120,000 in the following year.

Reports indicate that the anticipated unveiling of this new currency is scheduled to take place during the BRICS Summit in South Africa, commencing on August 15th, as reported by RT. The summit is expected to serve as the platform for the introduction of this groundbreaking initiative, with various countries expressing their interest in joining the alliance.

Amidst the growing anticipation, the Russian embassy in Kenya recently caused a stir with a viral tweet highlighting the impending development: ‘The BRICS countries are planning to introduce a new trading currency, which will be backed by gold. More and more countries recently express a desire to join BRICS.’

It is worth noting that Kiyosaki has previously sounded the alarm about the US banking industry, asserting that the crisis is far from over and forewarning an impending crash in the real estate sector.”

Read Also: Ethereum Smart Contract: Unlocking the Power of Decentralized Applications

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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