‘Rich Dad Poor Dad’ Author Sees Big New Reason for Buying Bitcoin (BTC)

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As a crypto investor with a background in finance and economics, I’m always keeping an eye on Robert Kiyosaki’s insights and opinions. His latest endorsement of Bitcoin, especially in the context of potential developments within BRICS nations, has caught my attention.

Renowned financial expert and author Robert Kiyosaki, known for his best-selling book “Rich Dad Poor Dad” on money management, has recently expressed his support for Bitcoin through his account on the X app (previously Twitter). This endorsement comes amidst indications of significant global advancements.

As a crypto investor, I believe Bitcoin is an excellent choice among various assets to hedge against an impending US dollar crash.

Buy Bitcoin to protect yourself from this, Kiyosaki says

As an analyst, I’ve been closely monitoring Kiyosaki’s recent tweets and I’ve noticed his current focus is on South Africa. He’s keeping a keen eye out for any whispers regarding the BRICS nations’ plans to introduce their own cryptocurrency. This potential digital currency could be backed by gold, an abundant resource in South Africa with significant mining operations.

As a researcher studying economic trends in South Africa and beyond, I’m closely monitoring the buzz surrounding the potential creation of a BRICS (Brazil, Russia, India, China, South Africa) cryptocurrency backed by gold. If this comes to fruition, it could significantly impact the global financial landscape, particularly when it comes to large quantities of fiat US dollars. The rumors suggest that such a currency could potentially hold trillions in value. However, I must stress that these are just speculations at this point and require further investigation for accuracy.

— Robert Kiyosaki (@theRealKiyosaki) May 12, 2024

The BRICS bloc is composed of several nations: Brazil, Russia, South Africa, and India. In January 2024, new members joined this group – the UAE, Egypt, Iran, and Ethiopia were granted membership.

Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” expressed his viewpoint on Twitter regarding the potential launch of a BRICS (Brazil, Russia, India, China, and South Africa) gold-backed cryptocurrency. If this crypto comes to fruition, he anticipates a significant influx of US dollars returning to the United States. Kiyosaki has previously referred to the US dollar as “fake money” in one of his messages. He posits that this substantial USD inflow could trigger hyperinflation in America and eventually lead to the complete demise of the US dollar.

As a financial analyst, I would advise individuals considering protective measures against a potential US dollar crash to explore purchasing assets such as Bitcoin, gold, and silver. These commodities have historically served as safe havens during times of economic instability and currency devaluation. However, it’s essential to remember that investing always carries risk, and proper research and due diligence are necessary before making any investment decisions.

Bitcoin is Kiyosaki’s tool against “fake money”

I’ve been a strong proponent of gold, silver, and Bitcoin for the past four years. During this period, I have extolled the virtues of these three assets, particularly in light of the economic hardships brought about by the pandemic and resulting lockdowns since its onset.

As an analyst, I would recount the economic measures taken by the US government during a past crisis. They initiated stimulus packages in the form of “survival checks” and intervened in major financial institutions and businesses. This was facilitated through increasing the supply of US dollars and introducing them into circulation. In 2020, an astounding $6 trillion was produced for these purposes. Since then, Kiyosaki has been vocalizing his criticisms against the US dollar, labeling it as “fake money.”

After that point, the government regularly implemented quantitative easing and printed vast amounts of US dollars. The EU and other nations adopted similar strategies.

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2024-05-13 10:52