Renowned investor and author of “Rich Dad Poor Dad,” Robert Kiyosaki, recently shared his concerns about the future of the United States dollar, citing the potential impact of a new cryptocurrency backed by BRICS nations (Brazil, Russia, India, China, South Africa) and possibly supported by gold.
During a visit to South Africa, Kiyosaki expressed apprehension about rumors surrounding the development of a BRICS gold crypto, suggesting that such a move could devalue the US dollar and trigger hyperinflation in the US. He advised investors to allocate their funds into alternative assets like gold, silver, and Bitcoin (BTC) as a safeguard against a potential crash.
Kiyosaki emphasized the potential consequences of a BRICS gold crypto, suggesting that a significant influx of US dollars back into the US could lead to hyperinflation and ultimately the collapse of the US dollar. His recommendation to invest in tangible assets like gold and silver, along with cryptocurrencies like Bitcoin, is aligned with his broader perspective on safeguarding wealth amidst financial instability.
In recent statements, Kiyosaki has intensified his warnings about the vulnerability of the US dollar, attributing it to rising debt levels. He advocates for strategic financial planning, encouraging individuals to start businesses, leverage debt to acquire cash-flowing assets such as rental properties, and allocate resources into gold, silver, and cryptocurrencies.
Despite admitting to being a late entrant into the crypto space and acknowledging his limited knowledge of decentralized finance (DeFi), Kiyosaki has endorsed Bitcoin as a pivotal component of his investment recommendations. Additionally, he has echoed optimistic forecasts for Bitcoin’s future value, aligning with predictions from industry figures like Cathie Wood, CEO of ARK Invest, who anticipates substantial growth in Bitcoin’s USD valuation.
It’s important to note that investment decisions should be made cautiously, and all speculative activities involve inherent risks. The views expressed by Robert Kiyosaki and others in the financial industry are subject to market fluctuations and should be considered within the context of individual risk tolerance and financial goals.
