Rich Dad Poor Dad bestselling author and entrepreneur Robert Kiyosaki has once again called for investing in gold, silver and bitcoin amid troubled US banks.
BAIL OUTS begin. More fake money to invade the sick economy. Still recommend the same response. Buy more G, S, BC. take care. Crash landing ahead.
— Robert Kiyosaki (@theRealKiyosaki) March 13, 2023
In his opinion, to save the “sick economy” regulators will print “more counterfeit money.”
“My recommendations are the same. Buy more gold, silver, bitcoin. Take care of yourself. Crash landing ahead,” Kiyosaki wrote.
His statement came amid the recent closure of major US banks – Silicon Valley Bank (SVB) and Signature Bank. They came under the control of the Federal Deposit Insurance Corporation.
The latter, together with the Treasury and the US Federal Reserve (FRS), said that SVB and Signature Bank depositors will have access to all funds in full.
In addition, the Fed announced the creation of an emergency financing program for banks that may face problems. $25 billion will be allocated for this.
After the opening of the main trading session in the US, quotes of many financial institutions fell sharply. At the same time, the price of bitcoin began to skyrocket.
Recall that last month Kiyosaki called the first cryptocurrency, gold and silver the best options in unstable times. At the same time, the entrepreneur predicted the growth of bitcoin to $500,000 by 2025.
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