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Rich Dad Poor Dad Author Says Dollar Will Die, Sees Bitcoin at $120k Next Year 

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Rich Dad Poor Dad author Robert Kiyosaki
Rich Dad Poor Dad author Robert Kiyosaki

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“Rich Dad Poor Dad” author Robert Kiyosaki says the dollar will die and that bitcoin will hit $120,000 next year.

He made the predictions in a tweet today, and also suggested that the BRICS nations are planning to announce a gold-backed cryptocurrency in August. His prediction that Bitcoin will rise to $120,000 next year is in line with a forecast made yesterday by Standard Chartered Bank.

The BRICS nations of Brazil, Russia, India, China and South Africa have so far only indicated that they are discussing an alternative currency for the bloc that is likely to be backed by gold. The BRICS are scheduled to hold a meeting in Johannesburg that starts on August 22.

Robert Kiyosaki Predicts Bitcoin to Reach $120,000 in 2024, Sees BRICS Nations Exploring Gold-Backed Cryptocurrency

Kiyosaki is a well-known investor and social commentator who has made a name for himself by predicting market trends and investment strategies. He has been critical of the banking sector, warning that more banks may face challenges in the coming months or years. 

Kiyosaki has been a vocal supporter of Bitcoin for many years. He has often said that he believes Bitcoin is a hedge against inflation and a way to protect wealth from government control.

He has likened current conditions with those of the mortgage market crisis of 2008-2009, urging caution and advising his followers not to trust optimistic public statements from figures such as Fed Reserve Chairman Jerome Powell or Treasury Secretary Janet Yellen.


The author’s latest comments generated quite a discussion, with some Twitter users strongly agreeing to keep their investments limited to Bitcoin, with one user, Peter Schiff, stating that it is the inevitable consequence of fiscal mistakes made over many years.


Rich Dad Poor Dad – The Message for investors

The news that Kiyosaki and Standard Chartered Bank are bullish on Bitcoin is likely to be welcomed by investors who are looking for ways to protect their wealth from inflation and government control. 

Bitcoin Price Chart

The price of Bitcoin has been on a side run for quite a few weeks now after reclaiming the much-awaited spot at $30,000 on June 21.

However, Bitcoin has still been incapable of crossing its $31k resistance level. A couple of times that it has been able to do so throughout the day has been followed by a quick correction. At press time, the Bitcoin price is standing at $30,558.

The second bullish news is the upcoming halving, which would reduce the rewarded Bitcoin per block by half. The resultant limit to the pumped BTC into circulation would improve its scarcity. In retrospect, halvings have been a prelude to the crypto industry’s biggest bull runs in the past. 

With that being said, bitcoin’s price is known to be volatile. It can fluctuate wildly in a short period of time, making it a relatively risky investment for some people.

Investors willing to make their investments in the token must conduct proper research & assess the legitimacy of predictions made by individuals and organizations before making any decisions. 

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