The well-known author of the bestselling personal finance book Rich Dad Poor Dad, Robert Kiyosaki, has boldly predicted that the U.S. dollar will soon become obsolete. Recent claims from Russia Today (RT) claim that the BRICS countries have agreed to launch a gold-backed currency. This agreement is anticipated to be formally announced in August during an alliance conference in Johannesburg, South Africa. In response to this information, Kiyosaki revealed his opinion that the U.S. dollar is close to “dying,” and he predicted that Bitcoin’s value will significantly increase, reaching $120,000 per coin.

It’s interesting to note that Kiyosaki’s prognosis for Bitcoin matches up with a recent forecast from Standard Chartered, which similarly forecasts an increase in the currency’s valuation by the end of 2024. In April, Standard Chartered predicted that Bitcoin will be worth $100,000, and Kiyosaki’s prediction concurs.

Precious metals and Bitcoin as alternatives to conventional government-issued currencies have long been supported by Kiyosaki. His approach to investing is based on a mistrust of fiat monetary systems and a preference for tangibly valuable goods. In addition, Kiyosaki is renowned for making extreme predictions about the American economy and financial system, frequently presenting a picture of gloom.

It’s critical to keep in mind that projections and forecasts are speculative and subject to a wide variety of factors and uncertainties, even if it’s necessary to take into account different points of view on financial matters. Numerous geopolitical and economic variables will affect the U.S. dollar’s future and the BRICS nations’ decision to adopt a gold-backed currency. People should do extensive study, consult professionals, and base their selections on their financial objectives and risk tolerance.

People must keep informed about global economic trends and their potential repercussions as the financial landscape continues to change and evolve around the world.