Robert Kiyosaki, author of the popular finance book ‘Rich Dad Poor Dad’, expects more banks to fail. Kiyosaki also recommends some investment tools for investors to seek shelter during the downturn. Among them is Bitcoin.
Robert Kiyosakiaccording to dmore banks it will sink!
cryptocoin.comAs you can follow, the Federal Reserve kept interest rates unchanged at its last meeting. Speaking after the decision, Fed Chairman Jerome Powell promised not to raise interest rates. Despite this, the finance guru Robert Kiyosaki, who supports Bitcoin, says that inflation is not over. A number of major US banks have recently gone bankrupt. However, Kiyosaki expects more banks to fail soon. In this context, he names a particular bank that is said to be in a weak position at the moment. Kiyosaki makes him a candidate for the next collapse.
Kiyosaki believes that candidate is LoanDepot, the mortgage company that is now “said to be in the loop.” This company was founded in California in 2009 as a non-bank holding company famous for selling mortgage and non-mortgage loan products. Kiyosaki alludes to the 2008-2009 mortgage market crisis in his tweet. In this context, he reminds that regional banks and mortgage companies are in decline. He warns his followers to be careful and not to rely on positive public statements by Fed Chairman Jerome Powell or Treasury Secretary Janet Yellen.
Several major banks closed in March, including Silicon Valley Bank, Silvergate Bank and Signature Bank. These were all “crypto-friendly” banks. Also, they were working not only with crypto exchanges but also with Blockchain companies like Ripple Labs (Signature Bank). The price of Bitcoin rose on the news that these banks failed.
Kiyosaki urges to buy Bitcoin, gold and silver
A week ago, Robert Kiyosaki said that the mortgage crisis that caused the GFC (global financial crisis) in 2008 was “nothing” and he expected the “biggest real estate crash ever” to happen. Kiyosaki expects the office buildings market in particular to suffer. Therefore, Kiyosaki urges his followers to buy more Bitcoin, silver and gold. He states that these are all safe-haven assets.
Bitcoin 500,000 according to Kiyosaki dollarwill reach
In a tweet earlier this year, Robert Kiyosaki shared his expectation that Bitcoin will rise to $ 500,000 by 2025. He cited the Federal Reserve’s nonstop printing of money as the main reason for this. However, he later lowered his estimate from $500,000 to $100,000. During this summer, BTC was trading at $25,457, up 2.2% on a daily basis. However, the coin sank below $25,000 after Jerome Powell’s statements yesterday. Therefore, this rise also has the effect of yesterday’s collapse.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.