The BRICS summit is approaching. Robert Kiyosaki, the famous author of the book ‘Rich Dad Poor Dad’, talks about Bitcoin. He praises Bitcoin (BTC) as a viable alternative. On the other hand, he once again expresses his pessimistic view for the US dollar.
Real money versus fake money
In a recent podcast episode with the educational platform founders, Kiyosaki comments on the depreciation of the US dollar. It also discusses the important role of Bitcoin BTC in today’s financial environment. Kiyosaki emphasizes that the lack of financial information separates the rich from the poor. He also states that “the biggest counterfeit thing is the US dollar.”
While he admits his initial reluctance towards Bitcoin BTC, he emphasizes that he currently owns 60 BTC. On the other hand, he says he regrets not buying more when it is priced at $6,000.
Bitcoin: the greatest hedge against crime money
According to Kiyosaki, cryptocurrencies, especially Bitcoin, serve as the “best protection against crime money”. Kiyosaki emphasizes the importance of this in light of the important changes he believes will take place during the next BRICS meeting in Johannesburg on 22 August. He suggests that the BRICS countries, along with Saudi Arabia, Mexico, and Japan, could support a gold-backed cryptocurrency. On the other hand, he predicts that this move will potentially lead to a decline in the US dollar.
Kiyosaki expresses his expectations regarding the BRICS summit. Accordingly, he predicts that this summit will be the beginning of “dedollarization” worldwide. He says 41 countries, including France, could come together against the US fiat currency. It also points to what needs to be done to avoid the financial turmoil that follows. Accordingly, he thinks it is necessary to invest in Bitcoin, gold, silver and decentralized financial assets.
Bitcoin’s role in times of crisis
The ‘Rich Dad Poor Dad’ author sees Bitcoin as the best insurance against government corruption and incompetence, which he believes is on the rise in the US. As the US dollar’s status as a global reserve currency declines, Kiyosaki predicts an “immediate landing” and an “economic tsunami.” He states that Bitcoin will reach $120,000 in 2024 with the collapse of the US dollar and a return to the US.
When we look at Kriptokoin.com, Robert Kiyosaki has a strong belief in the collapse of the USD. Its resounding support of Bitcoin also underscores the growing interest in cryptocurrencies as a hedge against economic uncertainties. The world awaits the results of the upcoming BRICS summit. Accordingly, the global financial landscape is likely to undergo significant changes. It also encourages investors to take refuge in digital assets like Bitcoin for protection and potential gains.
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