Robert Kiyosaki Foresees Dollar Collapse, Reiterates Bitcoin Advocacy

Robert Kiyosaki, the author of the bestseller “Rich Dad, Poor Dad” and an entrepreneur, has explained why it is urgent to invest in Bitcoin, gold, and silver.

Currently in South Africa a country I love. Watching and listening to rumors of what will happen when BRICS nations, Brazil, Russia, India, China, South Africa produce BRICS crypto, possibly backed by gold. If BRICS gold crypto happens trillions in fake money, fiat US dollars…

— Robert Kiyosaki (@theRealKiyosaki) May 12, 2024

According to him, while in South Africa, he heard numerous rumors about the impending launch of a gold-backed stablecoin by the BRICS group.

The member countries of the association—Brazil, Russia, India, China, and South Africa—first announced such a possibility in 2019.

In May 2023, Kiyosaki, citing a specific date for the digital currency’s emergence, predicted the collapse of the dollar and Bitcoin reaching $120,000.

“If BRICS gold crypto turns into trillions of fake money, paper US dollars will flood back home, causing hyperinflation and ultimately destroying the American currency,” the entrepreneur wrote this time.

To protect savings from collapse, Kiyosaki reiterated his traditional call to invest in the leading cryptocurrency and precious metals.

One commentator agreed with his forecast but suggested that the process would be slow, “about five years,” and then the dollar would collapse “suddenly and all at once.”

About 5 years away.

Slowly, slowly, then suddenly and all at once.

— ~MK~ ? (@mikexki) May 12, 2024

Another user agreed with the inevitability of the collapse of the American monetary system and suggested it might happen in a more distant future, such as in 10 years.

The idea of BRICS gold crypto causing a shift in the global financial landscape over the next five years makes sense. Changes in the monetary system often happen gradually before reaching a critical point where the effects are felt suddenly and intensely. It’s important to stay…

— Angelique (@pupueku7) May 12, 2024

“The idea that BRICS gold crypto will lead to a change in the global financial landscape over the next five years makes sense. Changes in the monetary system often occur gradually before reaching a critical point where the consequences are felt suddenly and intensely,” opined a discussion participant under the nickname Angelique.

Back in March, Kiyosaki highlighted the main reason for his “love” for Bitcoin. However, he subsequently acknowledged that the leading cryptocurrency could be a scam and crash to zero.

Nevertheless, he predicted a surge in digital gold prices to $2.3 million by 2030, confirming the forecast of ARK Invest analysts.