Robert Kiyosaki, a bestselling author and entrepreneur, has recently made a prediction that the US dollar will be “dead” and the price of Bitcoin will skyrocket to $120,000 by next year.
He has noted that the BRICS countries (Brazil, Russia, India, China, South Africa) will announce a gold-backed cryptocurrency during the South Africa summit on August 22.
Kiyosaki has stated that the US dollar will collapse due to the influx of trillions of dollars back home, and suggested the purchase of gold and silver to combat inflation.
He often recommends investing in alternative options given the rising Federal Reserve rate, and believes Bitcoin will reach $500,000 by 2025, despite its volatility.
