Recently, well-known author and financial commentator Robert Kiyosaki commented on the latest move by members of the BRICS alliance to adopt the gold standard. According to Kiyosaki, the BRICS countries are likely to announce the launch of a gold-backed cryptocurrency in the near future. This move is expected to have a significant impact on the global monetary system, especially the current status of the US dollar valuation.
Kiyosaki pointed out that considering the upcoming depreciation of the US dollar, BRICS alliance members may want to seek a stable value reserve by launching gold-backed cryptocurrencies. Gold, as a precious metal that has long been widely accepted, has been regarded as a symbol of value and collateral around the world. Combining gold with cryptocurrencies can provide BRICS countries with a new financial tool, while also having the potential to increase the liquidity and market demand for gold.
If the BRICS alliance successfully launches a gold-backed cryptocurrency, this will have a significant impact on the valuation of the US dollar. As one of the world's major reserve currencies, the valuation of the US dollar plays an important role in the global trade and financial system. However, if members of the BRICS alliance begin to adopt gold-backed cryptocurrencies for international transactions and reserve storage, this may lead to a decline in demand for the US dollar in the global market, thereby weakening its valuation.
In view of the possible inflation risk in the coming months, Kiyosaki recommends investors to buy gold and silver as a hedging tool. As gold and silver are regarded as safe haven assets against inflation, their prices may rise sharply in the coming months. This suggestion shows that Kiyosaki is optimistic about the development of the gold-backed cryptocurrency launched by the BRICS alliance members.
In addition, Kiyosaki also made a prediction on the price of Bitcoin. According to his point of view, the price of Bitcoin may reach $120,000 next year. This prediction is consistent with the previous prediction of Standard Chartered Bank, which predicted that Bitcoin may reach $50,000 this year and $120,000 by the end of 2024. These predictions show that Bitcoin, as a decentralized digital asset, is likely to continue to experience strong growth in the future and attract more investors to participate.
Robert Kiyosaki commented on the latest move by the BRICS alliance members to adopt the gold standard. He believes that the BRICS countries may announce the launch of a gold-backed cryptocurrency next month, which may have an impact on the valuation of the US dollar. Kiyosaki recommends followers to buy gold and silver to hedge against the risk of inflation that may occur in the coming months. In addition, Kiyosaki also predicted that the price of Bitcoin will reach $120,000 next year. These views and predictions show the attention and optimism about the new initiatives of the BRICS alliance and the digital currency market.