According to CryptoPotato, Robert Kiyosaki, a vocal advocate for 'real money' such as gold, silver, and bitcoin, has issued a warning about potential hyperinflation in the US. This warning comes in light of the possibility of a gold-backed stablecoin being launched by the BRICS countries (Brazil, Russia, India, China, and South Africa). Kiyosaki believes that such a move could lead to a significant amount of US dollars, which he refers to as 'fake money', returning to the US, causing hyperinflation and potentially destroying the greenback.
The BRICS alliance is reportedly exploring the use of blockchain technology for payments and the creation of a gold-backed stablecoin. If this stablecoin becomes a reality, it could be used for trading and payment services between some of the world's most powerful economies, reducing their reliance on the US dollar. Kiyosaki has previously stated that the US economy is in a state of depression and warned that there will be no soft landing.
Kiyosaki, the author of the best-selling book 'Rich Dad, Poor Dad', is a well-known supporter of bitcoin, gold, and silver, which he refers to as 'real money'. He has repeatedly recommended these assets as suitable investments for those looking to preserve or increase their wealth. In his latest warning, Kiyosaki reiterated this advice, suggesting that these assets could help protect individuals from the potential crash of the US dollar. Earlier this month, he highlighted six strategies for surviving a violent market crash, one of which included investing in the primary cryptocurrency.
