Robert Kiyosaki, author of “Rich Dad, Poor Dad,” has underscored the severe impact of BRICS gold-backed crypto on the U.S. dollar.
Digital technology and blockchain are part of the plans. Additionally, a gold-backed currency has also been floated.“If BRICS gold crypto happens trillions in fake money, fiat US dollars will come rushing back to home to America causing hyperinflation in America, ultimately destroying US dollar.”In the past, U.S. dollars accounted for almost 100% of cross-border transactions, including oil purchases.established that the U.S. dollar’s dominance has declined, dropping from 80% to 50% .
If the BRICS gold-backed crypto follows RMB’s steps, it will further dent U.S. dominance on cross-border payments.
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