- These estimates are in line with those made by Standard Chartered Bank.
- All eyes are now on the upcoming CPI and PPI reports this week.
Robert Kiyosaki, author of the best-selling financial book “Rich Dad Poor Dad,” claims that Bitcoin will soon be worth $120,000. These estimates are in line with those made by Standard Chartered Bank, which predicts that Bitcoin will reach $50,000 this year and $120,000 by the end of 2024.
Meanwhile, the BRICS countries are looking at launching a gold-backed cryptocurrency as an alternative to the U.S. dollar, with Russia at the helm of this initiative. On Twitter, Robert Kiyosaki recently shared his optimistic outlook on Bitcoin. Kiyosaki claims that Bitcoin’s value would increase to $120,000 in the next year.
The author stated:
“August 22, 2023, in Johannesburg, South Africa, BRICS nations announce gold backed crypto. US $ will die. Trillions of US $ rush home. Inflation through the roof. Buy Gold, Silver. Bitcoin to $120k next year.”
Imminent Economic Disaster
In an effort to challenge the U.S. dollar’s worldwide dominance and investigate alternative financial systems, the BRICS (Brazil, Russia, India, China, and South Africa) countries are actively considering the development of a gold-backed cryptocurrency.
Discussions to develop a new trade currency backed by gold were disclosed by the Russian Embassy in Kenya. Robert Kiyosaki’s predictions of an imminent economic disaster, which he said can be protected against using precious metals and digital currencies, have not wavered.
The price of bitcoin has risen by 0.90% in the last day, to $30,598, at the time of writing. Despite this volatility, BTC has stayed within a rather limited range. All eyes are now on the upcoming CPI and PPI reports this week.
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