Finance Author Robert Kiyosaki Says Bitcoin Will Hit $120,000, Here’s why

Bitcoin (BTC), the leading cryptocurrency, has been experiencing a resurgence in the crypto market, marked by bullish reversals across the board.

Amidst this market activity, Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” has unveiled a bold new price target for the cryptocurrency. Kiyosaki’s prediction comes as he highlights the potential impact of the BRICS alliance’s adoption of the gold standard and their likely announcement of a gold-backed crypto in the near future.

This news has reinvigorated Kiyosaki’s unwavering confidence in Bitcoin and its long-term investment potential.

BRICS Gold-Backed Crypto Announcement Poses Potential Paradigm Shift

In his recent Twitter post, Kiyosaki makes a bold prediction on the dominant cryptocurrency, Bitcoin as BRICS, now adopts that gold-backed crypto, he asserts this would be a good omen for the leading coin.

“August 22, 2023, in Johannesburg, South Africa, BRICS nations announce gold backed crypto. US $ will die. Trillions of US $ rush home. Inflation through the roof. Buy Gold, Silver. Bitcoin to $120k next year,” Kiyosaki said.

August 22, 2023, in Johannesburg, South Africa, BRICS nations announce gold backed crypto. US $ will die. Trillions of US $ rush home. Inflation through the roof. Buy Gold,
Silver. Bitcoin to $120k next year.

— Robert Kiyosaki (@theRealKiyosaki) July 11, 2023

Kiyosaki draws attention to the BRICS alliance’s moves towards adopting the gold standard, signaling a potential shift in the valuation of the US dollar (USD).

He predicts that the BRICS countries are likely to unveil a gold-backed cryptocurrency next month, which could challenge the status quo and have far-reaching implications for the USD. As the USD faces potential devaluation, Kiyosaki advises his followers to consider alternative investments such as gold and silver to safeguard against the expected surge in inflation.

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Author: Scott Matherson

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