Bitcoin

As the warnings mount of the possible <a href="https://finbold.com/guide/recession/" rel="noopener noreferrer nofollow">recession</a> in the United States, the prominent <a href="https://finbold.com/guides/investing/" rel="noopener noreferrer nofollow">investor</a> and author of the best-selling <a href="https://finbold.com/guide/investment-books/" rel="noopener noreferrer nofollow">personal finance book</a> ‘Rich Dad Poor Dad,’ <a href="https://finbold.com/guide/who-is-robert-kiyosaki/" rel="noopener noreferrer nofollow">Robert Kiyosaki</a>, has made a bleak prediction about the future of fiat money after the next BRICS meeting in August.Specifically, Kiyosaki warned that the next <a href="https://www.reuters.com/world/brics-summit-will-be-held-johannesburg-says-south-african-minister-2023-06-01/" rel="noopener noreferrer nofollow">summit</a> of the BRICS nations (Brazil, Russia, India, China, and South Africa), which will begin on August 22, 2023, in Johannesburg, South Africa, would signal the end of fiat currency, as he said in a <a href="https://twitter.com/theRealKiyosaki/status/1679322816565645312" rel="noopener noreferrer nofollow">tweet</a> shared on July 13.Furthermore, the <a href="https://finbold.com/guides/finance/" rel="noopener noreferrer nofollow">financial</a> educator has recommended <a href="https://finbold.com/guide/how-to-invest-in-gold-uk/" rel="noopener noreferrer nofollow">investing in gold</a>, silver, and the flagship <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a>, Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>), as a way to protect oneself from the fallout of the incoming giant crash he believes will “put (the) nail in (the) coffin of fiat money.”<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/24f212a021e6476b8276bde0cde2b715.PNG" /><h2 id="header-0">End of fiat is nigh?</h2>Earlier, Kiyosaki <a href="https://finbold.com/rich-dad-r-kiyosaki-predicts-bitcoin-to-hit-120k-next-year-as-usd-will-die/" rel="noopener noreferrer nofollow">voiced his opinion</a> that the BRICS heads of state would “announce gold-backed <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a>” at the announced meeting in South Africa, referring to the report by the Russian English news channel RT that the coalition would introduce a new gold-backed trading currency to replace the US dollar.As a result, he said that the fiat currency in the US “will die” as “trillions of US $ rush home” and bring “<a href="https://finbold.com/guide/high-inflation-impact-on-the-stock-market/" rel="noopener noreferrer nofollow">inflation</a> through the <a href="https://finbold.com/robert-kiyosaki-says-inflation-is-going-through-the-roof-and-will-have-deadly-consequences/" rel="noopener noreferrer nofollow">roof</a>.” On the other hand, he believes that <a href="https://finbold.com/topic/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>, which he advocates <a href="https://finbold.com/topic/investing/" rel="noopener noreferrer nofollow">investing</a> in, will reach the price level of $120,000 next year – a prediction in line with <a href="https://www.reuters.com/technology/standard-chartered-bumps-up-bitcoin-forecast-120000-2023-07-10/" rel="noopener noreferrer nofollow">that</a> of Standard Chartered Bank.On top of that, Kiyosaki has warned that the US economy was on the “<a href="https://finbold.com/rich-dad-r-kiyosaki-warns-were-on-the-eve-of-destruction/" rel="noopener noreferrer nofollow">Eve of Destruction</a>,” alluding to the popular song from the 1960s, repeating his distrust of the country’s leadership and criticizing the central bank for continuing to print more money, as <a href="https://finbold.com/" rel="noopener noreferrer nofollow">Finbold</a> reported on July 6.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Featured image via Cavaleria Com <a href="https://www.youtube.com/watch?v&#61;it4TpPbf78U&amp;t&#61;416s" rel="noopener noreferrer nofollow">YouTube</a>Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com.</a>

‘Rich Dad’ R. Kiyosaki says THIS meeting to ‘put nail in coffin’ of fiat money

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