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Renowned author and financial educator Robert Kiyosaki, known for his book “Rich Dad Poor Dad,” predicts Bitcoin to reach $120,000 in the near future. This projection aligns with Standard Chartered Bank’s forecast of BTC hitting $50,000 this year and $120,000 by the end of 2024. Meanwhile, the BRICS nations, led by Russia, are exploring the introduction of a gold-backed cryptocurrency as an alternative to the U.S. dollar.
Robert Kiyosaki’s Bitcoin Prediction
Robert Kiyosaki recently took to Twitter to express his bullish stance on Bitcoin. According to Kiyosaki, he expects the price of Bitcoin to surge to $120,000 in the coming year.
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, Silver. Bitcoin to $120k next year.
BRICS nations (Brazil, Russia, India, China, and South Africa) are actively exploring the launch of a gold-backed cryptocurrency to challenge the U.S. dollar’s global dominance and explore alternative financial systems. The Russian Embassy in Kenya announced that discussions are underway to introduce a new trading currency backed by gold.
Also Read: Binance’s New IEO Project Arkham Faces Backlash for Data Privacy
BTC To The Moon?
Adding weight to the positive outlook for Bitcoin, Standard Chartered Bank has made its own projections, as CoinGape reported. The bank forecasts Bitcoin to reach $50,000 by the end of this year and rise to $120,000 by the close of 2024.
Robert Kiyosaki has remain solid on his stance on an impending economic crash, which he suggested could be hedged against by investing in assets like Bitcoin, Gold & Silver. BTC is currently trading at $30,553.28, a 1.50% increase within the past 24 hours. Despite fluctuations, BTC’s price movement has remained within a relatively narrow range, with the 24-hour low recorded at $30,049.83 and the high at $31,026.08.
The trading volume during this period has reached $15,071,741,562, a 69% increase in the same time period.
Also Read: Bitcoin Price Must Clear This Resistance To Regain Bullish Momentum – Bulls Set Eyes On $48k
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