With the next summit of the extended lineup of BRICS (Brazil, Russia, India, China, and South Africa) fast approaching, Robert Kiyosaki has shared his prediction of nearly three-quarters of the world rejecting the United States dollar and the preference for alternative assets such as Bitcoin (BTC).
Specifically, the famous investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ commented on the upcoming meeting as the countries “joining up against the Western currency,” as he reiterated his preference for gold, silver, and Bitcoin in an interview with Stansberry Research’s Daniela Cambone aired on August 14.
Focusing on the flagship decentralized finance (DeFi) asset, Kiyosaki further elaborated on why it is among his favorite investment choices, again expressing his distrust in the US government and its financial institutions, including the Federal Reserve and the Treasury Department:
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“I like Bitcoin because we have an enemy in common – the federal government, the Treasury, the Fed, and Wall Street. I don’t trust them. If you trust them, save dollars and you know get yourself a nice bond. I don’t trust those guys.”
Bitcoin to $1 million?
At the same time, the finance educator shared his views of Bitcoin reaching $100,000, praising gold and silver as “God’s money” and the maiden cryptocurrency as “people’s dollar,” which he believes could skyrocket to $1 million “if world economy crashes,” in a recent post on X (formerly Twitter).
As a reminder, Kiyosaki earlier warned that the US dollar “is toast,” as the BRICS nations, together with Saudi Arabia and possibly Mexico and Japan, were going to get behind a gold-backed currency, marking the beginning of the “de-dollarization” of the world, as “41 nations, possibly even France,” would “gang up” against the USD.
Meanwhile, Bitcoin, the largest crypto asset by market cap was at press time changing hands at the price of $29,387, down 0.03% on the day, up 0.79% across the week, and dropping 2.96% on its monthly chart, as per the most recent data seen by Finbold on August 15.
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