Author: Mlixy

The Dollar Hegemony is Crumbling

During a visit to South Africa, Robert Kiyosaki, a founding member of the BRICS countries, made a rather worrisome discovery. In fact, this emerging alliance of nations is considering the imminent launch of its own gold-backed cryptocurrency.

This prospect has sent shivers down the spines of American investors. Because if this "BRICS cryptocurrency" were to be used in international oil trading, it could signal the end of the dollar's dominant position in this strategically important economic sector.

Kiyosaki believes that a widespread rejection of the dollar would lead to an uncontrolled influx of dollars into the United States, posing a devastating risk of hyperinflation to the purchasing power of Americans. This star investor is taking the real economic threat very seriously.

Faced with this grim situation, Robert Kiyosaki reiterated his advice to invest on a large scale in assets that can retain value during rampant inflation. Among them are gold, silver, but most importantly… Bitcoin!

In fact, Kiyosaki sees Bitcoin as having many advantages for avoiding economic turmoil. Its deflationary nature and increasingly widespread international adoption make it an ideal weapon for protecting personal wealth from potential currency crises.

For American investors, this call is not new. However, preparing for the worst by diversifying investments into the cryptocurrency sector seems more prudent than ever. It can be said that despite the fluctuations in Bitcoin, it is now one of the most reliable choices.

The People's Currency

In November 2023, Robert Kiyosaki warned that fiat currency is not safe and emphasized that central banks are buying gold to save themselves. He urged investors to protect themselves from central bank encroachment and reiterated his advice to invest in gold, silver, and Bitcoin. Kiyosaki has consistently issued warnings about fiat currency, calling it "fake money."

In contrast, he referred to gold and silver as "God's money" and sees Bitcoin as "the people's currency."

Moreover, in January 2023, Robert Kiyosaki tweeted that he was investing in Bitcoin because it, like gold, silver, and oil, is classified as a commodity, while most cryptocurrencies are classified as securities, and he would be acquiring more Bitcoin.

Robert Kiyosaki has a positive attitude towards Bitcoin, considering it an asset that can combat hyperinflation and financial crises. He has expressed his views and predictions about Bitcoin multiple times on Twitter, attracting a lot of attention and discussion.

Kiyosaki believes that Bitcoin is a decentralized currency, not subject to government and bank control and intervention, thus offering greater freedom and security.

Furthermore, he compares Bitcoin to gold and silver, calling them "real money," while fiat currency is "fake money" because it continually depreciates due to government printing and debt. He predicts that the United States and other countries will face severe economic collapse and hyperinflation, thus advising people to buy Bitcoin and precious metals to protect their wealth and purchasing power.

In response, Kiyosaki pointed out that investors are increasingly favoring gold, silver, and Bitcoin because of liquidity. When the real estate market was at its peak, people rushed to buy houses, but when the real estate collapsed, they couldn't get out because of the poor liquidity. By 2021, investors preferred the liquidity of gold, silver, and Bitcoin.

He also mentioned that the endless printing of more dollars by the United States is leading to an increasing supply of dollars. Inflation is a tax on the poor and the middle class. Inflation makes the rich richer, while holding Bitcoin can effectively outpace inflation.

Conclusion

Kiyosaki has also made some bold predictions about the price trend of Bitcoin.

In February 2021, he stated that he expected the price of Bitcoin to reach $500,000 by 2025; then on October 22, 2023, Kiyosaki tweeted that Bitcoin would test $30,000, with the next target being $135,000; most recently, he confirmed the target price to be $100,000.

Will Kiyosaki's targets be achieved? Let's wait and see!

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