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Robert Kiyosaki, a renowned author of the book on finance management “Rich Dad Poor Dad”, investor and entrepreneur has taken to his account on the X app (formerly Twitter) to endorse Bitcoin in light of signs of new global developments coming.

He says Bitcoin is a best option now, along with several other asset, to protect oneself from the approaching US dollar crash.

Buy Bitcoin to protect yourself from this, Kiyosaki says

In the tweet, Kiyosaki talked about the country he is interested in at the moment – South Africa. He has been looking out for rumors about BRICS planning to launch their own cryptocurrency which will be possibly backed by gold plenty of which can be mined in that region.

BRICS consists of multiple members – Brazil, Russia, South Africa and India. On January 2024, this list was expanded as the UAE, Egypt, Iran and Ethiopia were also accepted into it.

Robert Kiyosaki tweeted that should the BRICS gold-backed crypto launch indeed, a massive amount of US dollars will start flowing back into the USA. The “Rich Dad Poor Dad” author calls the US dollar “fake money” in his X message. He believes that this tremendous USD inflow will cause hyperinflation in America and will ultimately destroy the US dollar completely.

The financial experts reckons that the only ways to protect oneself from the expected US dollar crash is to start buying Bitcoin, gold and silver.

Bitcoin is Kiyosaki's tool against "fake money"

He has been an advocate of all the three over the past four years, praising these two popular precious metals and Bitcoin since the time when the pandemic started and the world economies suffered from multiple lockdowns.

Back then, the US government began stimulating the economy by giving away the so-called “survival checks” and buying out large banks and businesses. That was achieved through printing addition US dollars and injecting them into circulation. In 2020 alone, more than $6 trillion were printed. In this regard, Kiyosaki has been slamming US dollar as “fake money” since then.

Since then, the government has been frequently taking to this quantitative easing policy and printing billions of US dollars. The EU and other countries followed suit.