Robert Kiyosaki Advocates Bitcoin Amid Impending BRICS Crypto Launch

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As an analyst with a background in macroeconomics and experience following the financial advice of influential figures like Robert Kiyosaki, I believe that the author’s latest call to buy Bitcoin (BTC) is a prudent move given the potential implications of the BRICS Crypto and the US Dollar.

As a researcher studying financial advice from notable figures, I’d like to share Robert Kiyosaki’s latest recommendation to his audience: He urges followers to consider investing in Bitcoin (BTC) once more. Kiyosaki, who is well-known for making such calls, firmly believes that this cryptocurrency could shield against potential consequences of a US Dollar crash.

BRICS Crypto and Bitcoin Advantage

Robert Kiyosaki personally shared that he’s currently in South Africa, a founding member of the BRICS alliance. In this country, he mentioned the existence of charters outlining the implications when BRICS countries introduce their own crypto currency, known as BRICS Crypto. Notably, discussions surrounding the creation of this BRICS Crypto have been one of the most significant topics arising from the alliance in 2023.

Based on my research, Robert Kiyosaki’s hypothesis is that the BRICS Crypto could be backed by gold. The specifics of this arrangement are yet to be disclosed. According to my findings, if the BRICS alliance were to introduce a gold-backed crypto asset, it could potentially have significant implications for the US Dollar. With a substantial portion of global oil transactions being settled in USD, the introduction of a rival crypto might call into question the relevance and value of the fiat currency.

The influx of money coming back into the U.S. from this source could trigger a series of events, leading to the currency’s resurgence in America. Should trillions of dollars flow back into the country as projected by Robert Kiyosaki, there is a risk of hyperinflation ensuing. Historically, such hyperinflation has weakened the value of the Dollar, thereby affecting the buying power of citizens.

In South Africa, a place I hold dear to my heart, there are whispers and speculations about the potential implications of a proposed BRICS cryptocurrency – an digital currency initiated by Brazil, Russia, India, China, and South Africa. If this BRICS gold-backed crypto materializes, it could potentially disrupt the global financial system as it may render trillions of dollars in paper money, specifically US dollars, obsolete.

— Robert Kiyosaki (@theRealKiyosaki) May 12, 2024

To mitigate the severe consequences of an impending economic crisis, according to Robert Kiyosaki’s recommendation, investors should consider purchasing reliable assets. Among his top choices are Gold, Silver, and Bitcoin. Each asset possesses distinct advantages; nonetheless, Bitcoin stands out as deflationary in nature and increasingly popular worldwide.

According to previous advice from Robert Kiyosaki, Bitcoin has the potential to reach a staggering price of $300,000 by the end of this year. This strong belief in Bitcoin’s value motivates Kiyosaki to continually invest significant amounts of capital into the cryptocurrency.

Embracing Wider Accessibility

Based on his past remarks about using Bitcoin as a hedge against potential crises in the BRICS countries or other economic issues, Kiyosaki consistently advises purchasing some of the cryptocurrency.

Currently, there are multiple methods to access Bitcoin investment. Purchasing BTC from various cryptocurrency trading platforms is one option. However, an alternative way is through the recently introduced spot Bitcoin ETFs on US regulated exchanges. Following the SEC’s approval in January, major players like BlackRock and Fidelity Investments have experienced significant inflows.

US companies have recently reported increased holding of the coin in large quantities, indicating a notable shift in trend as a whole.

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2024-05-12 18:52