{"id":417724,"date":"2023-07-11T15:05:29","date_gmt":"2023-07-11T15:05:29","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=417724"},"modified":"2023-07-28T21:32:29","modified_gmt":"2023-07-28T21:32:29","slug":"rich-dad-poor-dad-author-says-dollar-will-die-sees-bitcoin-at-120k-next-year","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/rich-dad-poor-dad-author-says-dollar-will-die-sees-bitcoin-at-120k-next-year","title":{"rendered":"Rich Dad Poor Dad Author Says Dollar Will Die, Sees Bitcoin at $120k Next Year\u00a0"},"content":{"rendered":"<p>&ldquo;Rich Dad Poor Dad&rdquo; author <a href=\"https:\/\/insidebitcoins.com\/bitcoin-investors\/robert-kiyosaki-net-worth\">Robert Kiyosaki<\/a> says the dollar will die and that bitcoin will hit $120,000 next year.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">August 22, 2023, in Johannesburg, South Africa, BRICS nations  announce gold backed crypto. US $ will die. Trillions of US $ rush home. Inflation through the roof. Buy Gold, <br>Silver. Bitcoin to $120k next year.<\/p>\n<p>&mdash; Robert Kiyosaki (@theRealKiyosaki) <a href=\"https:\/\/twitter.com\/theRealKiyosaki\/status\/1678652054951317504?ref_src=twsrc%5Etfw\">July 11, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><b>Robert Kiyosaki Predicts Bitcoin to Reach $120,000 in 2024, Sees BRICS Nations Exploring Gold-Backed Cryptocurrency<\/b><\/h2>\n<p>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.<span class=\"Apple-converted-space\">&nbsp;<\/span><\/p>\n<p>Kiyosaki has been a vocal supporter of Bitcoin for many years. He has often said that he believes <a href=\"https:\/\/news.bitcoin.com\/robert-kiyosaki-why-he-buys-bitcoin-citing-pension-funds-inflation\/\">Bitcoin is a hedge against inflation<\/a> and a way to protect wealth from government control.<\/p>\n<p>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.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">More banks about to fail. Rumor is Mortgage giant Loan Depot is on the ropes. Regional banks and mortgage companies are falling. Please be careful. I would not believe anything Pres Biden, Fed Chairman Powell or Sec Treasury Yellin say. Think for yourself.<\/p>\n<p>&mdash; Robert Kiyosaki (@theRealKiyosaki) <a href=\"https:\/\/twitter.com\/theRealKiyosaki\/status\/1669211728822046722?ref_src=twsrc%5Etfw\">June 15, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<p>The author&rsquo;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.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Correct, but this was the inevitable consequence of obvious monetary and fiscal policy mistakes made over the years. Fed and Federal policy are the reasons the U.S. banking system is now insolvent, and why this financial crisis will be much worse than the last one they created.<\/p>\n<p>&mdash; Peter Schiff (@PeterSchiff) <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1669691628116647937?ref_src=twsrc%5Etfw\">June 16, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Rich Dad Poor Dad &ndash; The Message for investors<\/b><\/h2>\n<p>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.<span class=\"Apple-converted-space\">&nbsp;<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-417729\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-11-at-8.08.03-PM.png\" alt=\"Bitcoin Price Chart\" width=\"2068\" height=\"1390\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-11-at-8.08.03-PM.png 2068w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-11-at-8.08.03-PM-300x202.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-11-at-8.08.03-PM-1024x688.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-11-at-8.08.03-PM-768x516.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-11-at-8.08.03-PM-1536x1032.png 1536w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-11-at-8.08.03-PM-2048x1377.png 2048w\" sizes=\"(max-width: 2068px) 100vw, 2068px\"><\/p>\n<p>The price of <a href=\"https:\/\/insidebitcoins.com\/cryptocurrency-price\/bitcoin-price\">Bitcoin<\/a> has been on a side run for quite a few weeks now after reclaiming the much-awaited spot at $30,000 on June 21.<\/p>\n<p><span class=\"Apple-converted-space\">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.<\/span><\/p>\n<p>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&rsquo;s biggest bull runs in the past.<span class=\"Apple-converted-space\">&nbsp;<\/span><\/p>\n<p>With that being said, bitcoin&rsquo;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.<\/p>\n<p>Investors willing to make their investments in the token must conduct proper research &amp; assess the legitimacy of predictions made by individuals and organizations before making any decisions.<span class=\"Apple-converted-space\">&nbsp;<\/span><\/p>\n<h2>Related Articles<\/h2>\n<ol>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/saylors-microstrategy-enjoys-share-price-bump-as-bitcoin-halving-draws-closer\"><span style=\"font-weight: 400;\">Saylor&rsquo;s Microstrategy Enjoys Share Price Bump As Bitcoin Halving Draws Closer<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin#:~:text=Binance%20%E2%80%93%20Top%2DRated%20Crypto%20Exchange,Binance%20offers%20quite%20a%20lot.\"><span style=\"font-weight: 400;\">How to Buy Bitcoin Online Safely<\/span><\/a><\/li>\n<\/ol>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Smog (SMOG) - 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He made the predictions in <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1868,"featured_media":417728,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[7596],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rich Dad Poor Dad Author Says Dollar Will Die, Sees Bitcoin at $120k Next Year\u00a0 - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"``Rich Dad Poor Dad&#039;&#039; author Robert Kiyosaki says the dollar will die and that bitcoin will hit $120,000 next year.\" \/>\n<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/417724\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rich Dad Poor Dad Author Says Dollar Will Die, Sees Bitcoin at $120k Next Year\u00a0\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-11T15:05:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-28T21:32:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/kiyosaki1-ddHCQ4.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Prateek Arora\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Prateek Arora\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/417724#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/417724\"},\"author\":{\"name\":\"Prateek Arora\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/6a85ebbaffc114bacdc81388836ae0c7\"},\"headline\":\"Rich Dad Poor Dad Author Says Dollar Will Die, Sees Bitcoin at $120k Next Year\u00a0\",\"datePublished\":\"2023-07-11T15:05:29+00:00\",\"dateModified\":\"2023-07-28T21:32:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/417724\"},\"wordCount\":556,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"articleSection\":[\"Breaking Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/417724#respond\"]}],\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/417724#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/417724\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/417724\",\"name\":\"Rich Dad Poor Dad Author Says Dollar Will Die, Sees Bitcoin at $120k Next Year\u00a0 - InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"datePublished\":\"2023-07-11T15:05:29+00:00\",\"dateModified\":\"2023-07-28T21:32:29+00:00\",\"description\":\"``Rich Dad Poor Dad'' author Robert Kiyosaki says the dollar will die and that bitcoin will hit $120,000 next year.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/417724\"]}],\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/417724#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/417724#primaryimage\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search &amp; 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Prateek enjoys breaking down complex topics related to Fintech, the stock market, cryptocurrency, decentralized finance and accountancy so they could be read by a wider audience. His latest crypto news coverage has a focus on how to survive the bear market. An avid traveler, and reader, Prateek likes building assets that could generate passive income. 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Prateek enjoys breaking down complex topics related to Fintech, the stock market, cryptocurrency, decentralized finance and accountancy so they could be read by a wider audience. His latest crypto news coverage has a focus on how to survive the bear market. An avid traveler, and reader, Prateek likes building assets that could generate passive income. Prateek is active on LinkedIn, reach out to him by clicking on the LinkedIn icon.","sameAs":["https:\/\/www.linkedin.com\/in\/prateek-arora-26a89b179\/"],"url":"https:\/\/insidebitcoins.com\/news\/author\/prateek"}]}},"modified_by":"James Spillane","_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/417724"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1868"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=417724"}],"version-history":[{"count":6,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/417724\/revisions"}],"predecessor-version":[{"id":424369,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/417724\/revisions\/424369"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/417728"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=417724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=417724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=417724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}