Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
- These estimates align with forecasts from Standard Chartered Bank.
- Market attention is focused on the upcoming CPI and PPI reports this week.
Robert Kiyosaki, author of the best-selling financial book Rich Dad Poor Dad, predicts that Bitcoin will soon reach a value of $120,000. This projection aligns with estimates from Standard Chartered Bank, which forecasts Bitcoin will hit $50,000 this year and $120,000 by the end of 2024.
Meanwhile, BRICS nations are exploring the launch of a gold-backed cryptocurrency as an alternative to the U.S. dollar, with Russia leading the initiative. On X (formerly Twitter), Robert Kiyosaki recently shared his optimistic outlook on Bitcoin, claiming its value would rise to $120,000 within the next year.
The author stated:
Related Posts
“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.”
Imminent Economic Disaster
In an effort to challenge the U.S. dollar’s global dominance and investigate alternative financial systems, the BRICS countries (Brazil, Russia, India, China, and South Africa) are actively considering the development of a gold-backed cryptocurrency.
Discussions regarding the development of a new gold-backed trade currency were disclosed by the Russian Embassy in Kenya. Kiyosaki’s predictions of an impending economic disaster, which he believes can be hedged against using precious metals and digital currencies, remain unchanged.
Bitcoin’s price has risen by 0.90% in the last 24 hours to $30,598 at the time of writing. Despite this volatility, BTC has remained within a relatively narrow range. All eyes are now on the upcoming CPI and PPI reports this week.
Highlighted Crypto News Today:
Is 2023 Turning the Year of Shiba Inu (SHIB)?
