Best-selling author, entrepreneur, investor, Robert Kiyosaki’s hats are many. The author of Rich Dad Poor Dad is also known as a strong supporter of bitcoin (BTC). After Standard Chartered, Robert Kiyosaki joins the club of daring forecasters by announcing a potential rise of Bitcoin to $120,000 by 2024. The two converging predictions underline the growing optimism around the first cryptocurrency, despite current market fluctuations.
Bitcoin at $120,000 and potential dollar drop: Robert Kiyosaki warns investors
Renowned author Robert Kiyosaki continues to support bitcoin. He is one of those analysts who underline the strong potential of this cryptocurrency and predict a bright future for it. The American entrepreneur once again lent himself to this exercise on July 11. Robert Kiyosaki said in one of his tweets that bitcoin price could hit $120,000 next year. Robert Kiyosaki joins Standard Chartered in this bold prediction.
According to the author, the catalyst for this potential rise could be the announcement of a new gold-backed digital currency by the BRICS countries. Indeed, as reported by Russian TV channel RT, the coalition may unveil a gold-backed cryptocurrency at its upcoming summit in Johannesburg from August 22-24.
Such an announcement would hurt the dollar according to Robert Kiyosaki. He bluntly asserts that “the US dollar will die”. The author expects a considerable increase in inflation and advises investors to buy gold, silver and bitcoin.
A new warning after that of last April
Decidedly, Robert Kiyosaki does not carry the American dollar in his heart. Last April, the author was already warning investors about the potential skyrocketing inflation. A scenario which would be accompanied by unfortunate consequences and which could lead to the end of the middle class in the United States according to him.
In recent weeks, Robert Kiyosaki has been very critical of the US government and the Fed. The author recently declared that the American economy is on the “eve of destruction”. He has also been virulent against President Joe Biden, whom he criticizes for his green energy policies.
Fearing the effect of the future announcement of the new BRICS cryptocurrency on the US dollar, Robert Kiyosaki therefore recommends bitcoin to investors. The queen of cryptos is the digital asset that could shield them from possible unfortunate consequences, according to the expert. At the time of writing this article and waiting for Mr. Kiyosaki’s predictions to come true, the price of bitcoin is currently at $30.406
Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of daily and weekly so you don’t miss any of the essential Tremplin.io!
