Robert Kiyosaki Predicts Death Of US Dollar; Here's Why

Increasing inflation in the United States has led the U.S. Dollar Index (DXY) to struggle more globally. However, the coming months can prove to be more tussling for the dollar as BRICS nations are planning to “de Dollarize” the global economy. Rich Dad Poor Dad author expects that this move might leave the Gold price rallying to the moon.

Also Read: US Fed’s Jerome Powell Says Rate Hike Possible In September FOMC Meet

US Dollar To Struggle Ahead?

Robert Kiyosaki in an X (earlier Twitter) post stated that around 41 nations might attend a meeting on August 22, 2023, in South Africa to gang up against the US Dollar. He highlighted the word “Gang Warfare”.

He expects that the BRICS (Brazil, Russia, India, China, and South Africa) and other nations will team up to launch the “BRIC” currency. The BRIC currency will be backed by gold. Kiyosaki added that 1 BRIC will stand equal to 1 ounce of gold, this will lead the gold price to somehow reach $3000. Gold Spot is trading at an average price of $1972, at the press time.

On Wednesday, the US Dollar faced challenges amid scrutiny of the US Federal Reserve’s policy decisions and Chairman Jerome Powell’s comments on the policy outlook. The USD index, which measures the dollar against six major currencies, is set to finish the day significantly lower, nearing 101.00.

Also Read: Crypto Offered As Investment Contract Does Not Become “Securities”, Says GOP Chair

According to reports, over 40 nations have already expressed their interest in joining the BRICS group. This comes after an update confirming that Russia’s Vladamir Putin will not be attending the BRICS summit scheduled to take place from 22 to 24 August.

A senior BRICS diplomat reportedly stated that the BRICS currency is not on the agenda. However, the group of nations will continue to move away from the US dollar.

TAGS
BRICS

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.