Robert Kiyosaki: Bitcoin Expected to Hit $120k, Backs Gold-Backed Crypto by BRICS Nations.
Renowned author and financial educator Robert Kiyosaki, famous for his book “Rich Dad Poor Dad,” anticipates that Bitcoin will reach $120,000 soon. This aligns with Standard Chartered Bank’s projection of BTC reaching $50,000 this year and $120,000 by the end of 2024.
Additionally, the BRICS nations, led by Russia, are considering the creation of a gold-backed cryptocurrency as an alternative to the U.S. dollar.
Robert Kiyosaki’s Bullish Bitcoin Prediction and BRICS Announcement:
In a recent Twitter post, Robert Kiyosaki expressed his optimistic view on Bitcoin. He believes that the price of Bitcoin will soar to $120,000 in the upcoming year. Kiyosaki also mentioned that on August 22, 2023, in Johannesburg, South Africa, the BRICS nations announced a gold-backed cryptocurrency. He suggests that this development could lead to a decline in the value of the US dollar, resulting in high inflation. Kiyosaki advises investing in assets like Gold, Silver, and Bitcoin.
The BRICS nations (Brazil, Russia, India, China, and South Africa) are currently exploring the possibility of creating a gold-backed cryptocurrency. This initiative aims to challenge the global dominance of the US dollar and explore alternative financial systems. The Russian Embassy in Kenya has announced ongoing discussions to introduce a new trading currency backed by gold.
Standard Chartered Bank and Robert Kiyosaki Support Positive Bitcoin Outlook:
Standard Chartered Bank has made projections for Bitcoin, estimating it to reach $50,000 by the end of this year and $120,000 by 2024. In line with this, Robert Kiyosaki maintains his belief in an upcoming economic crash, suggesting that assets like Bitcoin, Gold, and Silver can serve as hedges.
Currently, Bitcoin is trading at $30,553.28, with a 1.50% increase in the last 24 hours. Despite some fluctuations, Bitcoin’s price has stayed within a relatively narrow range, with the lowest recorded at $30,049.83 and the highest at $31,026.08.
During this period, the trading volume has reached an impressive $15.07 billion, marking a significant 69% increase compared to the previous timeframe.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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