Will the U.S. Dollar Collapse with the Launch of a BRICS Cryptocurrency? Robert Kiyosaki Issues a Warning

In a striking prediction, Robert Kiyosaki warns of a potential collapse of the U.S. dollar triggered by the issuance of a BRICS cryptocurrency.

This insightful article delves into the implications of such a move, its effects on global markets, and why investing in gold, silver, and Bitcoin might be prudent.

Read on to understand the future financial landscape shaped by these developments.

Robert Kiyosaki Predicts U.S. Dollar Collapse Due to BRICS Cryptocurrency

Robert Kiyosaki, well-known for his popular book series "Rich Dad Poor Dad," warned on May 12, 2024, that the issuance of a cryptocurrency by BRICS could lead to the collapse of the U.S. dollar, and he recommended investing in gold, silver, and Bitcoin.

BRICS refers to the group of countries including Brazil, Russia, India, China, and South Africa, which are increasingly influential in the global economy and are notable for their substantial human and natural resources.

They have been the subject of attention alongside developed nations for some time.

In a post on platform X on May 12, Kiyosaki commented on the possibility of the BRICS nations issuing their own cryptocurrency backed by gold, suggesting that such a move could trigger hyperinflation in America and ultimately destroy the U.S. dollar.

Kiyosaki, who has criticized the U.S. dollar as "fake money," places high value on assets with limited supplies such as gold, silver, and Bitcoin, stating, "Buy gold, silver, and Bitcoin now to protect yourself from the collapse of the U.S. dollar."

BRICS Developing Their Own Payment System

The possibility of BRICS countries issuing their own cryptocurrency has been reported for several years. In November 2019, it was reported that the BRICS countries discussed creating a common payment system and introducing digital currencies to reduce their dependence on the U.S. dollar.

In March of this year, it was also reported that BRICS announced the construction of a payment system based on cryptocurrency and blockchain technology.

While it may still take some time for a BRICS common currency to materialize, the payment system is intended to address reliance on the U.S. dollar.

Should this system become operational, it could significantly reduce the use of the U.S. dollar in BRICS countries, potentially impacting the dollar's value.

On the other hand, gold, silver, and Bitcoin are globally used assets with limited supplies.

Gold could potentially back the BRICS currency, and if the BRICS currency were to be implemented, it could lead to an influx of assets into gold, silver, and Bitcoin, possibly driving up prices.

The exact timeline for the introduction of the BRICS cryptocurrency is unclear. However, should this currency be officially announced, it could significantly affect Bitcoin prices and other financial markets, making it a development to watch closely.

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