Author Robert Kiyosaki Predicts BRICS Announcement Could Impact US Dollar and Boost Bitcoin to $120,000
Renowned author Robert Kiyosaki took to Twitter to share a prediction on the potential implications of an upcoming meeting among BRICS member countries. According to Kiyosaki the meeting scheduled for August 22 could result in a significant announcement that could ultimately lead to the downfall of the US dollar and drive Bitcoin’s price to reach $120,000 in the following year. However the accuracy and substance of Kiyosaki’s claims regarding the meeting remain unconfirmed.
Exploring BRICS and the Summit
BRICS represents an acronym for Brazil, Russia, India, China and South Africa which together constitute a group of leading promising market economies. Leaders from these countries are expected to assemble between August 22 and 24 for the 15th BRICS Summit which will be hosted in South Africa . While Kiyosaki suggests potential decisions that may be made during the meeting the exact details and outcomes of the summit are yet to be verified. Kiyosaki’s tweet regarding Bitcoin’s potential rise to $120,000 lines up with a projection from the British bank Standard Chartered which estimates that BTC could reach $50,000 by the end of this year and surge to $120,000 in 2024 .
Emphasizing a Stance
Kiyosaki frequently makes provocative claims on social media and has previously stated his concerns about the status of the US government . As a result of his mistrust for governmental institutions he also promotes investing in Bitcoin . Additionally he has referred to Bitcoin as the “people’s money” that is independent of bailouts from the government. In the remarks he makes Kiyosaki shows his conviction in the value of alternative assets as a safeguard against what he sees as governmental corruption and inefficiency.
Until it is verified by reliable sources the conclusion of the BRICS Summit and its possible influence on the US currency and Bitcoin remain hypothetical.