Renowned investor and Bitcoin supporter Kiyosaki predicts end of high USD impact on global trading and economy
In his tweets published earlier this month, he recommended buying safe-haven assets, such as Bitcoin, gold and silver, to be prepared for such a turn of events.
"De-dollarization" of the world and greatest crash coming soon?
In his tweet, Kiyosaki stated that during the BRICS summit that is to take place in South Africa on Aug. 22, with France likely set to join, is going to deprive the USD of its economic power and the status of the world's reserve currency – to "de dollarize" the world, as he put it.
The thing is that during the summit, representatives of Brazil, Russia, India, China and South Africa (BRICS), and maybe also France this year, will discuss the launch of a new currency for international trade that will be backed by gold.
"1 bric – 1 oz of gold," Kiyosaki wrote in his tweet, remembering to add that gold is now worth around $3,000. A "bric" is how he referred to the aforementioned future currency. If launched, it will be embraced by approximately 41 nations on the planet. This is enough to shake the current status quo of the USD as the global currency. Earlier this month, Kiyosaki tweeted that, in this case, trillions of U.S. dollars will flow back into the U.S., unwanted by the rest of the world, and this would bring the value of the U.S. dollar down a great deal. As of 1971, the USD is off the gold standard and has been backed by nothing since then.
GANG WARFARE: August 22, 2023 approximately 41 nations, possibly even France gang up in South Africa to “de Dollarize” the world. Proposal: BRICS nations will launch “bric” their money. 1 bric = 1 oz of gold=$3,000. Bye bye USA.
— Robert Kiyosaki (@theRealKiyosaki) July 26, 2023
High Bitcoin predictions by Kiyosaki
Later, his price targets for Bitcoin declined, first to $120,000, then to $100,000 by the end of next year. The reason is the potential impact of the BRICS currency on the USD.
WHY is stock market taking off? Because “Debt Ceiling” removed. Means national debt to rise with stock market. Rich get richer as America gets poorer. Sad. Sticking with real money & real assets: Gold, Silver, Bitcoin.
— Robert Kiyosaki (@theRealKiyosaki) July 14, 2023