U.Today - Bitcoin (BTC) is leading the crypto market to a whole new lease on life with bullish reversals being recorded across the board. Bitcoin has by as much as 1.83% over the past 24 hours and is pegged at $30,629.25. The volatility of the premier cryptocurrency appears to be milder and, amidst it all, "Rich Dad Poor Dad" author Robert Kiyosaki has the cryptocurrency a whole new price target.
Taking to his official Twitter account, Kiyosaki commented on the latest move by members of the BRICS alliance to adopt the gold standard. He said the BRICS nations will likely announce a gold-backed crypto next month in a move that may change the status quo in the U.S. dollar (USD) valuation.
Considering the impending devaluation of the USD, Kiyosaki, in his , advises his followers to buy gold and silver to hedge against the inflation that is set to go through the roof in the coming months.
The highlight of his latest admonition was the prediction that the Bitcoin price is poised to touch the $120,000 price level by next year.
Unwavering confidence in Bitcoin
Kiyosaki has maintained his status in the world as a social commentator with a number of projections that helps guide investors. As earlier by U.Today, Robert has minimal faith in the banking sector, and he believes more banks will likely go under in the coming months/years.
Many are patiently waiting to see if his bullish predictions for BTC come to pass.
This article was originally published on U.Today