MWE Correspondent
Prominent American investor Robert Kiyosaki has once again sounded the alarm about the future of the United States dollar, arguing that it could weaken significantly and urging investors to diversify into physical assets and digital currencies.
His remarks have added fuel to ongoing speculation about the possibility of an alternative global financial instrument associated with the BRICS economic bloc, even as officials emphasize that no unified currency has been formally adopted.
Kiyosaki, known for his book Rich Dad Poor Dad, took to social media platform X to caution that the era of the U.S. dollar’s dominance might be waning. He told his followers “bye‑bye” to the dollar and encouraged them to hold assets like gold, silver, Bitcoin, and Ethereum, arguing these could offer protection against inflation and currency devaluation. His warnings underscore long‑standing concerns about fiat money — currency not backed by a physical commodity — and its vulnerability to monetary policy shifts and rising debt levels.
At the center of much discussion is the concept of a proposed payment system known as the BRICS Unit — an idea that envisions a new measure of value for cross‑border trade backed partly by gold. According to available information, the Unit would derive its value from a mix of physical gold and member nations’ currencies, though it remains a pilot project rather than a fully launched currency.
Despite Kiyosaki’s comments, representatives from the BRICS nations — Brazil, Russia, India, China and South Africa — have repeatedly stated that there is no official plan to introduce a common currency that would replace the U.S. dollar in international finance. Instead, member countries are exploring alternative payment platforms and mechanisms aimed at reducing reliance on the dollar and increasing the use of domestic currencies in trade settlements.
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Investors and economists are divided on the implications of these developments. Some view the idea of a BRICS‑linked financial instrument as a potential challenge to dollar hegemony, citing the bloc’s expanding economic influence and increasing reserves of strategic assets like gold. Others caution that even if such mechanisms gain traction, the transition away from the dollar’s entrenched role in global markets would be gradual and complex, requiring broad consensus and deep structural change.
Kiyosaki’s stance reflects his broader investment philosophy, which emphasizes diversification into tangible and decentralized assets as a hedge against systemic risks. His focus on Bitcoin — a decentralized digital currency with a capped supply — alongside precious metals, highlights a belief among some investors that traditional financial systems may face headwinds from shifting global dynamics.
However, financial authorities and analysts stress that speculation about a new global currency should be distinguished from confirmed policy decisions. At present, efforts to increase financial cooperation within BRICS and other emerging market groups are focused on reducing transaction costs, enhancing trade financing and building resilience against economic shocks, rather than displacing the U.S. dollar outright.
