The author of “Rich Dad, Poor Dad,” Robert Kiyosaki forecasts a $120,000 BTC and supports the gold-backed cryptocurrency to be used by the BRICS countries.
Robert Kiyosaki, a well-known author and financial guru best known for his book “Rich Dad, Poor Dad,” forecasts that BTC will hit $120,000 soon. The prediction that BTC will reach $50,000 this year and $120,000 by the end of 2024 is in line with that of Standard Chartered Bank.
Also, he expresses support for the BRIC countries. Russia is the leader of the BRICS countries, which are looking into the possibility of introducing a gold-backed cryptocurrency as a replacement for the US dollar.
The BTC Forecast from Robert Kiyosaki
Recently, Robert Kiyosaki posted on Twitter to share his bullish outlook on Bitcoin. In the upcoming year, Kiyosaki predicts that the price of Bitcoin will soar to $120,000.
Brazil, Russia, India, China, and South Africa, together known as BRICS, are seriously considering the introduction of a gold-backed cryptocurrency to challenge the dominance of the U.S. dollar and investigate other financial methods. A new gold-backed trading currency is being discussed, according to the Russian Embassy in Kenya.
Will BTC Soar High?
According to reports, Standard Chartered Bank has also made estimates, which support the optimistic view for BTC. By the end of this year, according to the bank’s projection, BTC will cost $50,000, and by the end of 2024, it will be worth $120,000.
Robert Kiyosaki hasn’t wavered in his belief that there will be a financial crisis in the near future. He advised that one way to protect one’s investments from this crash is to buy commodities like gold, silver, and BTC.
With a rise of 1.50% over the previous 24 hours, BTC is now trading at $30,553.28. The 24-hour low was $30,049.83 and the high was $31,026.08, indicating that despite changes, BTC’s price movement has maintained within a very small range. The trade volume during the period was $15,071,741,562, which is an increase of 69% from the period before.
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