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Robert Kiyosaki Defends Bitcoin Amid BRICS Crypto Launch
“Rich Dad Poor Dad” author Robert Kiyosaki advised his followers to buy Bitcoin (BTC) again. Although he is known for always making this call, this time he believes the currency can avoid the consequences of the falling US dollar.
BRICS Crypto and Bitcoin Advantage
Robert Kiyosaki revealed that he is currently in South Africa, one of the founding members of the BRICS alliance. In the country, he noted that there are letters about what will happen when BRICS nations produce BRICS Cryptography. It’s important to note that this BRICS crypto talk remains one of the biggest issues to emanate from the alliance so far this year.
From the observation made by Kiyosaki, the BRICS crypto could possibly be backed by gold. While the exact details remain unknown, Robert Kiyosaki said that if the BRICS gold crypto asset happens, it could impact the USD. With members of the BRICS alliance controlling a significant supply of US dollars used for international oil trade, a crypto release could render the decree invalid.
This has a ripple effect as it will fuel the return of the currency to the United States. With the potential return of billions of dollars sent back to the US, Robert Kiyosaki projected that this could fuel hyperinflation. According to the previous trend, this hyperinflation will devalue the dollar, impacting the population’s purchasing power.
In order to avoid the severe impact of this potential macroeconomic collapse, Robert Kiyosaki advised purchasing proven assets. Your top choices include Gold, Silver, and Bitcoin. Each of these assets has its own strength, however, Bitcoin is deflationary and is rapidly gaining acceptance across the world.
In previous advice, Robert Kiyosaki presented Bitcoin as an asset that can go up to $300,000 until the end of the year. His conviction in Bitcoin leads him to consistently inject capital into the currency.
Embracing Broader Accessibility
In line with his previous comments about Bitcoin as a way to avoid the consequences of BRICS cryptography and other economic crashes, Kiyosaki always emphasizes purchasing at least a fraction of the currency.
Today, there are different ways to get exposure to the currency. In addition to purchasing BTC from different crypto trading platforms, the US now has spot Bitcoin ETF products traded on regulated exchanges. Following the US SEC’s green light in January, BlackRock, Fidelity Investments and others recorded large flows the date.
Recent reports from North American companies also show intense accumulation of the currency at all levels, underlining a significant pivot overall.
See more information: Ethereum Price Analysis: Will ETF Uncertainty Push $ETH Below $2,700?