Saying that scarce assets such as gold will be the only remedy for salvation in the crisis environment, Robert Kiyosaki made a giant prediction for cryptocurrencies.
6-digit price prediction for BTC from gold investor Robert Kiyosaki
Robert Kiyosaki, author of the bestselling “Rich Dad Poor Dad,” made another bold prediction for Bitcoin (BTC). The famous author says that the leading crypto is ready to reach $120,000 next year. He based his forecasts on the weakening US dollar and the impending global economic crisis. cryptocoin.comAs you follow, Kiyosaki has been voicing his concerns about a global recession for a long time.
“Take gold and silver. Bitcoin will be $120,000 next year”
Kiyosaki has long urged his followers to buy gold, silver and Bitcoin. He reiterated this call last month, specifically emphasizing Bitcoin.
In his latest tweet, Kiyosaki refers to the recent move by members of the BRICS alliance, which consists of Brazil, Russia, India, China and South Africa, to adopt the gold standard. He highlights that these nations will launch a gold-backed cryptocurrency in the near future. According to Kiyosaki, this move will significantly affect the value of today’s reserve currency, the US dollar (USD). It will even challenge its status as a global currency.
BRICS countries are preparing to deal a blow to the hegemony of the US dollar
Last week, the Russian Embassy in Kenya announced that “BRICS countries are planning to launch a new currency to be backed by gold”. Drawing attention to the next development, Kiyosaki said, “On August 22, 2023, in South Africa, the BRICS countries will announce a gold-based cryptocurrency. The US dollar will die. Trillions of US dollars were returned to the country. Inflation has peaked,” he wrote.
The BRICS countries will share details of this new currency at the summit in South Africa in August. Therefore, any clue that will come out is critical. “I think we will eventually see a full return to the gold standard,” said Simon Hunt, founder of Simon Hunt Strategic Services. “This will probably happen by countries that are and will be BRICS+ members before 2030.”
Meanwhile, Standard Chartered Bank’s research supports Kiyosaki’s predictions about the price of Bitcoin. The bank increased its previous Bitcoin price target from $100,000 to $120,000 by the end of 2024. He also previously predicted that Bitcoin could hit $50,000 this year. Recent data from Glassnode supports this view of experts.
New users flock to Bitcoin
Current Glassnode data revealed a notable increase in new addresses on the Bitcoin network. This surge was particularly significant because it was last observed in April. As of this writing, approximately 551,000 new addresses have been registered.
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