Following the Trend, Robert Kiyosaki Claims Bitcoin Will Reach US$ 120,000

Robert Kiyosaki, author of the popular financial book Rich Dad Poor Dad, has expressed a pessimistic view of the US dollar. This claim follows reports of agreements among the countries included in the BRICS, to establish currencies backed or backed by gold.

The agreement is expected to be formally announced in August during an alliance summit in Johannesburg, South Africa. Responding to this, Kiyosaki in his Twitter stated that the death of the US dollar was getting closer.

Further in his explanation, Kiyosaki suggests investing in assets such as gold, silver. In addition, he also predicts the value of Bitcoin to reach US $ 120,000 next year.

“22 August 2023 in Johannesburg, South Africa, the BRICS countries announced a gold-backed cryptocurrency. The US dollar will die. Trillions of US dollars will return to their countries. Inflation is already at its peak. Buy assets like gold or silver. Bitcoin to US$ 120,000 in the next year," wrote Kiyosaki.

Interestingly, Kiyosaki's Bitcoin prediction is in line with Standard Chartered's latest forecast for the crypto price by the end of 2024, which was revised from US$100,000 in April.

For your information, Kiyosaki is known for preferring precious metals and Bitcoin over government-issued currency. He also frequently warns his followers about the apocalypse of the US economy and financial system.

Meanwhile, launching from cryptonews.com, despite being skeptical about Bitcoin, former US President Donald Trump even predicted that the dollar would lose its status as the world's reserve currency. He stated that the moment the US dollar fell would be the biggest defeat in 200 years.

This year, there are indications that countries are moving away from using the US dollar for global trade.

For example, in March, Chinese and French energy companies agreed to finalize a liquefied natural gas deal using Chinese Yuan (CNY). Shortly thereafter, Brazil and China signed an agreement to trade using each other's national currencies instead of the US dollar.

The BRICS alliance, made up of Brazil, Russia, India, China and South Africa, has attracted interest from an additional 41 countries following their decision to establish a gold-backed currency.