“Rich Dad” author Robert Kiyosaki claims Bitcoin is a “hedge on corrupt money” and that the US currency “is toast”

Robert Kiyosaki said he was not always thrilled about Bitcoin and wishes he had acquired more.

In a podcast episode published on August 2, the famous investor, Robert Kiyosaki spoke with Miguel Munoz and Charlie Engler, the creators of the cryptocurrency education sites Cultivate Crypto and Doghouse Crypto, respectively, about the decline in the value of the US dollar and the significance of Bitcoin in the current economic climate.

He said: “I’ve got sixty bitcoins. I acquired them at $6,000 each (…), and I’m certainly no crypto specialist, which is why I bought them. As a trader myself, (…) when Bitcoin originally peaked at about $20,000 and retraced down to $100, I thought, “Ah, it’s gone,” but when it continued coming back and touched $6,000, I said, “I think it’s here to stay.”

In addition, he lauded the crypto business and Bitcoin in particular as the “biggest hedge against criminal money,” emphasising its significance in light of “one of the biggest changes in the world history” that he expects to occur on August 22 in Johannesburg, i.e. the next BRICS conference.

During this conference, the BRICS countries, together with Saudi Arabia and maybe Mexico and Japan, will “get behind the cryptocurrency backed by gold,” he says; if this happens, the “US dollar is toast.”

In fact, Kiyosaki has lately stated his belief that the BRICS conference in August will herald the beginning of the “de-dollarization” of the globe, with “approximately 41 nations, possibly even France,” “ganging up” against the US fiat currency.

According to Finbold, a finance professor predicted that a forthcoming huge crisis would “put the nail in the coffin of fiat money,” and advised his students to prepare for the catastrophe by investing in gold, silver, and the flagship decentralized finance (DeFi) asset.

As the US currency “dies” after the BRICS conference in August and “trillions of US $ rush home,” pushing “inflation through the roof,” as reported by Finbold on July 11, he predicts that the price of the first digital asset will reach $120,000 in 2024.

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