Robert Kiyosaki, renowned author of the financial management book “Rich Dad Poor Dad,” investor and entrepreneur, took to his account on App X (formerly Twitter) to support Bitcoin in light of signs that new developments are coming. global.
Robert Kiyosaki, renowned author of the financial management book “Rich Dad Poor Dad,” investor and entrepreneur, took to his account on App X (formerly Twitter) to support Bitcoin in light of signs that new developments are coming. global.
He says that Bitcoin is the best option now, along with several other assets, to protect against the imminent fall of the US dollar.
Buy Bitcoin to protect yourself from this, says Kiyosaki
In the tweet, Kiyosaki talked about the country he is interested in at the moment: South Africa. He has been keeping an eye on rumors about the BRICS’ plans to launch its own cryptocurrency, possibly backed by gold, much of which can be mined in the BRICS regions.
The BRICS are made up of several members, starting with its first members: Brazil (B), Russia (R), India (I), China (C) and South Africa (S). In January 2024, this list was expanded by also accepting the United Arab Emirates, Egypt, Iran and Ethiopia.
Robert Kiyosaki tweeted that if the BRICS gold-backed cryptocurrency were launched, a huge amount of US dollars would start returning to the US. The author of “Rich Dad Poor Dad” calls the US dollar “fake money” in his message
The financial expert believes that the only way to protect yourself from the expected fall of the US dollar is to start buying Bitcoin, gold and silver.
Bitcoin is Kiyosaki’s tool against “fake money”
Kiyosaki has been an advocate of all three (Bitcoin, gold, silver) for the past four years, praising these two popular precious metals and Bitcoin since the pandemic began and global economies suffered multiple lockdowns.
At that time, the US government began to stimulate the economy by providing so-called “survival checks” and buying large banks and companies. These goals were achieved by printing additional US dollars and injecting them into circulation. In 2020 alone, more than $6 trillion in greenbacks were printed. Since then, Kiyosaki has been criticizing the US dollar as “fake money.”
Since then, the government has frequently adopted this policy of quantitative easing and printing billions of US dollars. The EU and other countries did the same.
