Robert Kiyosaki Urges Bitcoin Buying as US Dollar Faces Potential Crash

Robert Kiyosaki advises investing in Bitcoin to safeguard against a potential US Dollar crash, citing the development of a BRICS Crypto. Kiyosaki recommends diversifying portfolios with assets like gold, silver, and Bitcoin to mitigate the impact of a potential economic upheaval.

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Bijay Laxmi
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Robert Kiyosaki Urges Bitcoin Buying as US Dollar Faces Potential Crash

Robert Kiyosaki Urges Bitcoin Buying as US Dollar Faces Potential Crash

Robert Kiyosaki, the renowned author of "Rich Dad Poor Dad," has once again advised investing in Bitcoin (BTC) to safeguard against a potential crash of the US Dollar. Kiyosaki's latest warning comes as he resides in South Africa, where the development of a BRICS Crypto is underway.

Why this matters: The potential collapse of the US Dollar could have far-reaching consequences for the global economy, including widespread inflation and economic instability. As a result, investors and individuals alike must be prepared to adapt theirfinancial strategies to mitigate the impact of such an event.

The BRICS nations, consisting of Brazil, Russia, India, China, and South Africa, are rumored to be creating a crypto asset that may be backed by gold. If realized, this move could significantly impact the US Dollar, as BRICS countries hold a substantial amount of USD used for international oil trade.

Kiyosaki warns that the introduction of a BRICS Crypto could invalidate the fiat US Dollar, leading to a massive influx of trillions of USD back into the United States. This scenario, he cautions, may fuel hyperinflation, devaluing the Dollar and eroding the purchasing power of the population.

To mitigate the severe consequences of this potential macroeconomic meltdown, Kiyosaki recommends investing in proven assets such as gold, silver, and Bitcoin. He views Bitcoin as a deflationary asset that is gaining worldwide acceptance. In previous statements, Kiyosaki predicted that Bitcoin could surge as high as $300,000 by the end of 2024.

Kiyosaki emphasizes the importance of owning at least a fraction of Bitcoin, which can be acquired through various crypto trading platforms or spot Bitcoin ETF products traded on regulated exchanges in the US. Recent reports from US firms indicate a significant accumulation of Bitcoin across the board, highlighting a major shift in sentiment.

This development follows the US Securities and Exchange Commission's approval of spot Bitcoin ETF products in January 2024, which led to substantial inflows from prominent firms like BlackRock and Fidelity Investments.

Robert Kiyosaki's warning underscores the potential risks associated with a US Dollar crash and the importance of diversifying one's portfolio with proven assets like Bitcoin. "The US Dollar is toast," Kiyosaki stated bluntly, urging investors to take action to protect their wealth in the face of a possible economic upheaval.

Key Takeaways

  • Robert Kiyosaki advises investing in Bitcoin to safeguard against a potential US Dollar crash.
  • A BRICS Crypto, potentially backed by gold, could impact the US Dollar and fuel hyperinflation.
  • Kiyosaki recommends investing in gold, silver, and Bitcoin to mitigate economic instability.
  • He predicts Bitcoin could surge to $300,000 by the end of 2024 and emphasizes owning at least a fraction of it.
  • Kiyosaki warns that the US Dollar is at risk of collapse, urging investors to diversify their portfolios.