Robert Kiyosaki warns the US dollar will collapse

Rich Dad Poor Dad author Robert Kiyosaki has issued a statement warning of a possible decline in the price of the US dollar in case the BRICS economic bloc launches a gold-backed cryptocurrency.

Rich Dad Poor Dad author Robert Kiyosaki has issued a dire warning regarding the collapse of the US dollar, citing concerns about the BRICS economic bloc potentially developing a cryptocurrency backed by gold.

He wrote on X: “I am currently in South Africa, the country I love. Watch and listen to the rumors about what will happen when BRICS countries, Brazil, Russia, India, China, South Africa launch BRICS cryptocurrency, possibly backed by gold.”

The famous author added:

If the BRICS cryptocurrency happens, trillions of counterfeit US dollars will rush to the US, causing hyperinflation in the US, eventually destroying the US dollar.

He advises: “It's best to buy gold, silver and bitcoin now and protect yourself from the collapse of the US dollar.”

Last year, there were speculations that the BRICS economic grouping could establish a common currency backed by gold.

Currently, discussions regarding the BRICS common currency have tapered off, with predictions suggesting a longer period of time for its realization.

Additionally, the economic union extended invitations to five new countries at the leaders' summit. The new members of BRICS are Saudi Arabia, United Arab Emirates (UAE), Iran, Egypt and Ethiopia.

Meanwhile, Kiyosaki continuously issued warnings about the decline of the US dollar. In March, he urged investors to ditch USD to buy bitcoin, gold and silver. He sees BTC as “ the perfect asset at the right time ”.

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