- Robert Kiyosaki warned that the BRICS Gold-backed currency, called UNIT, could end the dominance of the US dollar.
- The BRICS group—Brazil, Russia, India, China, and South Africa—has announced plans for a gold-backed currency, but it is not yet officially launched.
- Russian President Vladimir Putin emphasized there is no rush to launch the currency and highlighted caution to avoid mistakes like those experienced by the European Union.
- The rollout of the new currency could take several years, with no immediate threat to the US dollar’s status.
- Kiyosaki advised investors to hold gold, silver, Bitcoin, and Ethereum as protection against potential US dollar inflation.
Robert Kiyosaki, author of the best-selling financial book Rich Dad Poor Dad, has issued a warning regarding the impact of the BRICS gold-backed currency called UNIT. He stated that this new currency could potentially destroy the US dollar and urged investors to turn to cryptocurrencies to protect their wealth before a crisis emerges, according to his post on Twitter.
The BRICS countries—Brazil, Russia, India, China, and South Africa—recently announced plans for this gold-backed currency. Kiyosaki claimed, “BIG BREAKING $ NEWS: BRICS: Brazil, Russia, India, China, South Africa announces the ‘UNIT,’ a gold-backed ‘money.’ BYE BYE US DOLLAR!!!!! Stand by, stay awake, stay tuned in. DON’T BE A LOSER. My forecast is Savers of US dollars biggest losers. If you own US Dollars, hyperinflation may wipe you out. I stand by my mantra, own gold, silver, Bitcoin, and Ethereum. Take care stay alert.”
Despite Kiyosaki’s forecast, the currency has not yet been launched by any BRICS member, and senior officials acknowledge the process could take years. Russian President Vladimir Putin recently visited India and confirmed there is “no rush” to introduce the currency. He said the bloc wants to move carefully to avoid mistakes similar to those made by the European Union when adopting the euro. Putin explained that by avoiding haste, they can “avoid many grave mistakes.”
Currently, the UNIT currency remains a concept without circulation or formal implementation. Experts note that the market for currencies, including cryptocurrencies, is highly competitive and complex. Kiyosaki’s strong stance in favor of the gold-backed coin UNIT comes amid uncertainty about its future role in global finance.
The author suggests holding assets like gold, silver, Bitcoin, and Ethereum as a hedge against possible hyperinflation affecting US dollar savers, despite the absence of immediate risks linked to the BRICS currency launch.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- White Whale Crypto Trader’s $3M Freeze Turns Community Win
- Binance Probes Employee for Insider Info Abuse on Futures Account
- US Markets Brace for Volatility Ahead of JOLTS and FOMC Data
- Bitcoin Long-Term Holder Supply Hits Cyclical Low as Prices Rebound
- Critical WordPress Flaw CVE-2025-6389 Exploited in Wild Attack
