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'Rich Dad Poor Dad' Author Says 'Giant Crash' Coming, 'Get into Bitcoin ASAP'

Thu, 07/13/2023 - 09:34
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Yuri Molchan
Robert Kiyosaki warns about 'end of fiat money' nearing, urges followers to get into Bitcoin quickly
'Rich Dad Poor Dad' Author Says 'Giant Crash' Coming, 'Get into Bitcoin ASAP'
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Vocal Bitcoin advocate, investor and nonfiction writer famous for his book on financial self-education "Rich Dad Poor Dad," Robert Kiyosaki has taken to Twitter to urge his followers to buy Bitcoin quickly.

Besides, earlier this week, he made a bold Bitcoin prediction, saying that he expects BTC to hit a six-digit price level in 2024.

"Giant crash coming," "get into Bitcoin asap"

In line with the tweets he has been posting since early 2020, Robert Kiyosaki wrote that he believes a "giant crash" is coming, and fiat currency (fake USD as he calls it) is about to die. "The end of fiat (fake) money is near," he wrote.

The reason for that, according to the "Rich Dad Poor Dad" author, is the upcoming BRICS conference that will take place in South Africa for two days starting from Aug. 22.

BRICS consists of Brazil, Russia, India, China and South Africa, and recently, it has been reported that they are eyeing the creation and launch of their own currency for trading backed by gold in order to reduce dependency on USD-dollar hegemony.

Kiyosaki sees this as a serious threat to the USD as the U.S. dollar is backed by nothing since 1971, when the country decided to get off the gold standard.

A more detailed plan for the gold-backed currency may be announced during the approaching BRICS summit. For this reason, Kiyosaki is sounding the alarm, saying that USD is certainly going to die this time and urging his followers to get into gold, silver and the leading cryptocurrency Bitcoin ASAP.

'Rich Dad' Author Gives Bitcoin (BTC) New Mega Prediction

Predicting Bitcoin to hit $120,000

Earlier this week, the "Rich Dad Poor Dad" author Kiyosaki also tweeted about the BRICS countries announcing their plans to develop a gold-backed currency. He wrote that trillions of USD will become of no use and will "rush home," reducing the price of the USD itself. Inflation will go "through the roof," Kiyosaki added, recommending that people immediately start buying gold, silver and BTC.

He then predicted that Bitcoin might surge to the $120,000 level in 2024 at some point. Earlier this year, Kiyosaki made a prediction that by 2025, BTC would surge to hit a staggering $500,000 due to the fact that the United States has been printing trillions of dollars out of thin air.

He used the same argument back in 2020, at the start of the pandemic, when more than $6 trillion were printed by the Fed Reserve to bail out businesses and create "survival checks" for average U.S. households.

This year, when the banking crisis hit, the Fed and Treasury began printing more money to bail out banks as they began to go bankrupt one after another.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at