• Robert Kiyosaki, author of Rich Dad Poor Dad, says the US Dollar is nearing its end as BRICS nations prepare to launch a gold-backed currency.
• Kiyosaki believes that this could lead to the US losing its status as the world’s reserve currency.
• He also predicts that Bitcoin will benefit from these changes and Standard Chartered Bank has predicted that it will hit $120,000 in 2024.
BRICS Launching Gold-Backed Currency
The BRICS (Brazil, Russia, India, China and South Africa) nations are preparing to launch a new gold-backed currency at a conference in Johannesburg this month. According to Robert Kiyosaki, author of best-selling personal finance series Rich Dad Poor Dad, this could mean the end of the US dollar’s lifespan and its status as the world’s reserve currency.
US Dollar ‘Toast’
Kiyosaki predicts that once BRICS launches its own gold-backed currency, the US dollar will be “toast”. He believes that if BRICS adopts a gold backed crypto then it would spell trouble for the greenback. The US dollar became the reserve currency of the world back in 1944 but with these potential new developments on the horizon this could all soon change.
Bitcoin To Gain Benefits
As an outspoken Bitcoin bull, Kiyosaki has said that BTC may be one of those set to benefit from these potential changes in order and he believes big institutions joining up with cryptocurrencies such as Standard Chartered Bank will cause more people to start using them. This bank recently predicted that by 2024 Bitcoin would have reached $120,000 USD per coin from its current price of $30k.
Withdrawal From Global System?
It remains unclear how exactly these changes might affect other global currencies but it appears Kiyosaki is confident about what they mean for his beloved Bitcoin and thinks this cryptocurrency could be one way for people to protect themselves against any negative consequences from withdrawal from the global system.
At present it remains uncertain what kind of impact BRICS launching their own gold-backed currency will have on other global currencies or even what effect this move might have on Bitcoin itself but one thing we do know is that Robert Kiyosaki is very interested in both topics and expects great things for his beloved cryptocurrency.