The author of personal finance best-seller Rich Dad Poor Dad is making a huge Bitcoin (BTC) prediction for next year as efforts to dethrone the dollar advance.
Robert Kiyosaki tells his 2.4 million Twitter followers that he believes the king crypto will soar to $120,000 in 2024, a more than 290% increase from its current value of $30,613.
He believes the catalyst for the six-figure growth will be a weakening US dollar due to an economic alliance of nations known as BRICS (Brazil, Russia, India, China, and South Africa) introducing a new currency that’s designed to compete with the US dollar.
Kiyosaki predicts that the new currency will be a gold-backed cryptocurrency.
“August 22, 2023, in Johannesburg, South Africa, BRICS nations announce gold-backed crypto. US dollar will die. Trillions of US dollars rush home. Inflation through the roof. Buy gold, silver. Bitcoin to $120,000 next year.”
The unveiling of the currency is expected during the BRICS Summit in South Africa, which begins August 15th, according to RT.
“BRICS is set to introduce a new currency backed by gold, in contrast to the credit-backed US dollar, with the decision coming a month ahead of the bloc’s summit in Johannesburg. With the growing initiative, more and more countries are lining up to join the group.”
Russia’s embassy in Kenya sent out a viral tweet touting the development.
“The BRICS countries are planning to introduce a new trading currency, which will be backed by gold. More and more counties recently express a desire to join BRICS.”
Kiyosaki has also previously warned that he believes the crisis in the US banking industry is far from over and that a real estate sector crash is coming.
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