• Robert Kiyosaki highlights imminent gold-backed cryptocurrencies by BRICS nations.
• Kiyosaki expects trillions of {dollars} to stream out of the US greenback to the BRICS residence nation.
• He predicts that Bitcoin can be price $120,000 throughout the subsequent yr.

Famend creator and investor Robert Kiyosaki not too long ago tweeted in regards to the impending announcement of modern gold-backed cryptocurrencies by the BRICS international locations, together with Brazil, Russia, India, China and South Africa. alluded to.

Kiyosaki expects the upcoming improvement of the BRICS international locations to pose a severe problem to the US greenback’s dominance. He additionally predicts that bitcoin’s worth will rise to a staggering $120,000 throughout the subsequent yr consequently.

“Purchase gold, silver. Bitcoin will hit $120,000 subsequent yr,” stated Kiyosaki.

In keeping with the monetary skilled, the adoption of gold-backed cryptocurrencies by the BRICS international locations might set off a paradigm shift in world finance. He believes that would end in an enormous outflow of capital from the US greenback, with doubtlessly trillions of {dollars} flowing into their respective residence international locations.

This view of the outstanding monetary educator caught the eye of buyers and consultants each inside and out of doors the cryptocurrency group, with many anticipating the anticipated US greenback depreciation. However not everybody was satisfied by Kiyosaki’s predictions.twitter person Expressed He’s skeptical of predictions and claims they’re meaningless.

In the meantime, Kiyosaki’s latest tweet is not the primary time he is sounded the alarm in regards to the dire state of the U.S. economic system. As Coin Version reported, Kiyosaki characterised the talk amongst politicians over elevating the U.S. debt ceiling as “unhealthy comedy” and dismissed it as a theatrical spectacle.

Kiyosaki argued that the laborious information present the US is bankrupt with over $250 trillion in unfunded debt, together with Social Safety. In consequence, he urged his followers to take motion by investing in Bitcoin. Kiyosaki beforehand claimed that Bitcoin will attain $500,000 by 2025.