The Dominance of the Dollar Faces Challenges

Famous investment expert Robert Kiyosaki recently made a thought-provoking discovery during his visit to South Africa. The Emerging Markets Alliance is considering launching its own gold-backed cryptocurrency. This prospect has raised concerns among American investors.

If this cryptocurrency supported by multiple emerging economies is used for international oil trading, it could signify the end of the dollar's dominance in this strategic economic field. Kiyosaki believes that a massive abandonment of the dollar will lead to a significant repatriation of dollars to the United States, thereby posing serious inflation risks to the purchasing power of the American public. This well-known investor is taking this real economic threat seriously.

In the face of this severe situation, Kiyosaki reiterated his advice: to make large-scale investments in assets that can retain value during inflation. This includes gold, silver, but what he values most is Bitcoin.

In Qingzhai's view, Bitcoin has many advantages in avoiding economic turmoil. Its deflationary nature and increasingly widespread international adoption make it an ideal tool for protecting personal wealth from potential currency crisis impacts.

This appeal is not new to American investors. However, preparing for the worst by diversifying investments into the cryptocurrency space seems wiser than ever. Despite the frequent fluctuations in Bitcoin's price, it may now be one of the most reliable options.

People's Currency

In November 2023, Kiyosaki warned that fiat currencies are not safe and emphasized that central banks are buying gold to safeguard themselves. He urged investors to protect themselves from the impact of central bank policies and reiterated his advice to invest in gold, silver, and Bitcoin. Kiyosaki has always been wary of fiat currencies, calling them "fake money."

In contrast, he referred to gold and silver as "God's money" and viewed Bitcoin as "the people's money."

As early as January 2023, Qingsaki stated that he was investing in Bitcoin, as it is categorized as a commodity just like gold, silver, and oil, while most cryptocurrencies are classified as securities. He mentioned that he would purchase more Bitcoin.

Qing Zai holds a positive attitude towards Bitcoin, believing it is an asset that can combat malignant inflation and financial crises. He has publicly expressed his views and predictions about Bitcoin multiple times, sparking widespread attention and discussion.

Qingzhai believes that Bitcoin is a decentralized currency that is not controlled or interfered with by governments and banks, thus offering greater freedom and security.

In addition, he compared Bitcoin to gold and silver, calling them "real currencies," while fiat currencies are "fake money," because the latter continues to depreciate due to government printing and debt. He predicts that the U.S. and other countries will face severe economic collapse and hyperinflation, and therefore advises people to buy Bitcoin and precious metals to protect their wealth and purchasing power.

In this regard, Kiyosaki pointed out that the reason investors are gradually favoring gold, silver, and Bitcoin is due to liquidity. During the peak of the real estate market, people rushed to buy houses, but when the real estate collapsed, it was difficult for people to exit because of poor liquidity in real estate. By 2021, investors preferred the liquidity of gold, silver, and Bitcoin.

In addition, he also mentioned that the United States is currently endlessly printing more dollars, which leads to an oversupply of dollars. Inflation is essentially a form of indirect taxation on the poor and middle class. Inflation makes the rich richer, while holding Bitcoin can effectively hedge against inflation.

Future Outlook

Qingqi made some bold predictions about the price trend of Bitcoin.

He stated in February 2021 that he expected the price of Bitcoin to reach $500,000 by 2025. On October 22, 2023, Kiyosaki predicted that Bitcoin would test $30,000, with the next target being $135,000. Recently, he again set the target price at $100,000.

Will Kiyosaki's prediction come true? Let's wait and see.