Robert Kiyosaki Forecasts The Demise Of The US dollar Claiming That The Conflict Has Paved Way To Cryptocurrency As Just A Better Refuge Than Fiat Currency

The US dollar is losing its dominance. What is occurring with the US dollar right now is the death of the US dollar, Rogers observed, because an international currency is meant to be neutral, but Washington is rewriting the rules.

Bigger risk equals higher reward. Tax reductions are excellent. Last week, two wells were drilled while oil prices rose from $70 to $130.

All cryptocurrencies would be seized and merged into the government’s cryptocurrency.

In a series of tweets on Tuesday, Robert Kiyosaki, the author of Rich Dad, Poor Dad, discussed bitcoin, the Russian-Ukraine war, and the demise of the US dollar. Rich Dad Poor Dad has been co-authored by Kiyosaki as well as Sharon Lechter around 1997. For nearly six years, it has been on the New York Times Best Seller List. That book has already been published across 51 languages and published in much more than 109 countries.

Robert Kiyosaki Talks Cryptocurrencies As Well As Conflict

He added Ukraine/Russian war gives rise to crypto as a safer shelter than government phony fiat money, citing the fact that many Russians are adopting bitcoin as a lifeline after the Russian ruble plummeted. The Biden administration and the Federal Reserve want inflation to pay off trillions in debt, according to Kiyosaki, who also advised: Stocking up on stuff you’ll constantly use, such as toilet paper, garbage bags, canned goods, frozen foods, gold, silver, and bitcoin, could be the finest investment.

In a separate tweet, he went into greater detail about investing in oil. I don’t put money into oil firms like Mobile or Exxon. I make direct investments in oil wells. Bigger risk equals higher reward. Tax reductions are excellent. Last week, two wells were drilled while oil prices rose from $70 to $130. The affluent get richer, but the poor get poorer, wrote the renowned author.

Kiyosaki predicted last week that we are in the largest bubble in global history and that the US government would take all cryptocurrencies. He believes the government will regulate the crypto industry before launching a Fed crypto. Finally, according to Kiyosaki, all cryptocurrencies would be seized and merged into the government’s cryptocurrency.

On social media, his forecasts were widely panned, with many people warning him that not all cryptocurrencies can be taken. Decentralized cryptos, such as bitcoin, for example, cannot be seized within the network, and the government will have a difficult time pursuing self-custodied cryptocurrencies.

Kiyosaki Talks About Just On Destruction Of US Dollar

Kiyosaki also talked about the US dollar’s demise on Tuesday. He stated that the United States hegemony is waning and that the United States is becoming less of global power. The author of Rich Dad Poor Dad used the news that Saudi Arabia is considering accepting Chinese yuan instead of US currency for Chinese oil sales as evidence.

Since the start of the war between Russia and Ukraine, some people, including veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, have publicly stated that the US dollar is losing its dominance. What is occurring with the US dollar right now is the death of the US dollar, Rogers observed, because an international currency is meant to be neutral, but Washington is rewriting the rules.

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Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing