America

United

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 <p class="paragraph">Amid warnings of a major financial crash, famous investor and author of the best-selling personal finance book <em>‘Rich Dad Poor Dad,’</em> Robert Kiyosaki, has shared his views on why the United States dollar, in particular, might suffer as a new currency threatens its global domination.</p>
 <p class="paragraph">Specifically, Kiyosaki was visiting South Africa, “watching and listening to rumors of what will happen when BRICS nations, Brazil, Russia, India, China, South Africa produce BRICS <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>, possibly backed by gold,” as he told his followers in an X post published on May 12.</p>
 <h2 class="wp-block-heading" id="h-hyperinflation-on-horizon">Hyperinflation on horizon</h2>
 <p class="paragraph">Indeed, according to the renowned finance educator, if the rumors are true, this would mean a loss of value to the US dollar and a hyperinflation in the US, and he recommended investing money in alternative assets instead, including gold, silver, and Bitcoin (BTC) to protect oneself against this crash:</p>
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  <p class="paragraph">“If BRICS gold <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> happens, trillions in fake money, fiat US <a rel="noopener noreferrer nofollow" title="dollar" href="https://thebittimes.com/tag/dollar.html">dollar</a>s will come rushing back to home to America causing hyperinflation in America, ultimately destroying US <a rel="noopener noreferrer nofollow" title="dollar" href="https://thebittimes.com/tag/dollar.html">dollar</a>. Best buy real gold, silver, and Bitcoin now, and protect yourself from the <a rel="noopener noreferrer nofollow" title="crash" href="https://thebittimes.com/tag/crash.html">crash</a> of US <a rel="noopener noreferrer nofollow" title="dollar" href="https://thebittimes.com/tag/dollar.html">dollar</a>.”</p>
 </blockquote>
 <p class="paragraph">As a reminder, Kiyosaki has lately intensified his doomsday warnings, stressing the <a rel="noopener noreferrer nofollow" title="crash" href="https://thebittimes.com/tag/crash.html">crash</a> has already started, signaling the end of the US <a rel="noopener noreferrer nofollow" title="dollar" href="https://thebittimes.com/tag/dollar.html">dollar</a>, and that the dire situation is only worsening “because our debt keeps going up,” with the <a rel="noopener noreferrer nofollow" title="dollar" href="https://thebittimes.com/tag/dollar.html">dollar</a>’s demise the primary reason to accumulate the above assets.</p>
 <p class="paragraph">More recently, he said that most people were living in “Disneyland” instead of preparing for the crisis using a strategy he considers the best – starting their own business, using debt as money to buy cash-flowing assets like rental properties, and saving gold, silver, and the maiden <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency.</p>
 <h2 class="wp-block-heading" id="h-robert-kiyosaki-and-bitcoin">Robert Kiyosaki and Bitcoin</h2>
 <p class="paragraph">Interestingly, the <em>‘Rich Dad Poor Dad’ </em>author has also admitted to being a latecomer to the crypto industry and not knowing much about the flagship decentralized finance (DeFi) asset, but he has been a fan nonetheless, including Bitcoin in most of his recommendations.</p>
 <p class="paragraph">On top of that, he has agreed with the founder and CEO of ARK Invest, Cathie Wood, and her extremely bullish prediction that Bitcoin price in USD could hit $2.3 million. For now, Bitcoin is trading at $61,639, gaining 1.55% on the day, but declining 4.57% in the past week, and losing 8.58% on its monthly chart.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/r-kioysaki-warns-us-dollar-to-crash-as-brics-gold-crypto-emerges-tbt88160.html">https://thebittimes.com/r-kioysaki-warns-us-dollar-to-crash-as-brics-gold-crypto-emerges-tbt88160.html</a></p>

R. Kioysaki warns US dollar to crash as ‘BRICS gold crypto’ emerges

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