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Opinion: Gold-standard stablecoins could lead to US hyperinflation, Robert Kiyosaki advises investors to switch to real assets

Opinion: Gold-standard stablecoins could lead to US hyperinflation, Robert Kiyosaki advises investors to switch to real assets

Bitget2024/05/13 13:37

According to CryptoPotato, Robert Kiyosaki has been the most ardent supporter of "real currencies" (including gold, silver, and Bitcoin), while he continues to attack "fake currencies" like the US dollar. In his latest warning, Kiyosaki asserted that a possible gold-standard stablecoin issued by the BRICS countries (Brazil, Russia, India, China, and South Africa) could lead to hyperinflation in the United States and recommended that people switch to real assets. According to some reports, the BRICS alliance is exploring the possibility of using the blockchain industry for payments and the issuance of gold-backed stablecoins. If the latter does come out, it could be used for transaction and payment services among some of the most powerful economies, which would reduce their reliance on and use of the U.S. dollar. Kiyosaki believes that such a situation would cause large amounts of dollars, which he calls "fake currency," to flow back into the United States, which could have a devastating impact on the world's most powerful economy, as it would lead to "hyperinflation in the United States," and ultimately Destroy the dollar. In addition, Kiyosaki is an enthusiastic supporter of Bitcoin, gold, and silver, which he refers to as “real currencies.” He has emphasized many times that these three are the most suitable investment assets for those seeking to protect or increase wealth.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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