- Renowned author and investor, Robert Kiyosaki, endorses Bitcoin as a protective measure against the impending U.S. dollar crash.
- Kiyosaki speculates on the potential impact of a BRICS gold-backed cryptocurrency.
- Bitcoin, gold, and silver are touted as safe havens against “fake money”.
Robert Kiyosaki, author of “Rich Dad Poor Dad”, advocates for Bitcoin as a safeguard against the potential collapse of the U.S. dollar, amid rumors of a BRICS gold-backed cryptocurrency.
Buy Bitcoin to protect yourself from this, Kiyosaki says
Robert Kiyosaki, the esteemed author of “Rich Dad Poor Dad,” investor, and entrepreneur, has recently endorsed Bitcoin as the best option to shield oneself from the looming U.S. dollar crash. This endorsement comes in light of new global developments, including rumors of BRICS (Brazil, Russia, India, China, South Africa) planning to launch its own cryptocurrency, potentially backed by gold.
BRICS’ Potential Impact on the U.S. Dollar
The BRICS alliance, recently expanded to include the UAE, Egypt, Iran, and Ethiopia, has been the subject of speculation regarding the launch of a gold-backed cryptocurrency. Kiyosaki believes that if such a currency were to be launched, a significant amount of U.S. dollars would flow back into the U.S., potentially leading to hyperinflation and the ultimate destruction of the U.S. dollar. To protect oneself from this potential financial crisis, Kiyosaki advises investing in Bitcoin, gold, and silver.
Bitcoin is Kiyosaki’s tool against “fake money”
Over the past four years, Kiyosaki has been a vocal advocate for Bitcoin, gold, and silver, particularly since the onset of the global pandemic and the subsequent economic fallout. He criticizes the U.S. government’s response to the crisis, which involved printing additional U.S. dollars to stimulate the economy, as creating “fake money.” With over $6 trillion worth of U.S. dollars printed in 2020 alone, Kiyosaki warns of the potential for hyperinflation and the collapse of the U.S. dollar, and continues to promote Bitcoin as a viable alternative.
Conclusion
In conclusion, Robert Kiyosaki’s endorsement of Bitcoin as a protective measure against the potential collapse of the U.S. dollar underscores the growing importance of cryptocurrencies in the global financial landscape. As the world continues to grapple with economic uncertainty, investments in Bitcoin, gold, and silver may provide a safeguard against potential financial crises.
