The 'Everything Will Go Down' Investment Myth: Bitcoin and Check It Out! - Coinleaks
Current Date:November 7, 2024

The ‘Everything Will Go Down’ Investment Myth: Bitcoin and Check It Out!

Robert Kiyosaki, the author of the book titled “Rich Dad, Poor Dad” that made a splash in the economy world, says that the world is being pushed into the depths of the financial crisis. In his statements, the famous financial expert says that Bitcoin and these assets can save investors! Here are the details..

Robert Kiyosaki comments on the market after the bank crashes

Leading investor Robert Kiyosaki, who made a fortune in real estate and turned to educating people in finance after publishing his popular book “Rich Dad, Poor Dad”, is dealing with the problems caused by the banking collapse, with the news of bankruptcy coming from banks after the recent bank crises in the USA. He likened it to dominoes, adding that more “dominos fell”. As we mentioned earlier, many banks have gone bankrupt since the past weeks. One notable detail is that bankrupt Silvergate Bank, Silicon Valley Bank, and Signature Bank all work with stablecoin issuers like Paxos.

As Cryptokoin.com previously quoted, Kiyosaki made a prediction that a third-largest bank is ready to fall after Silvergate and Silicon Valley Bank bankruptcy in the past weeks. However, he did not give a specific name. A few days later, Signature Bank went bankrupt.

Kiyosaki: “Investors should turn to Bitcoin, silver and gold!”

On the other hand, renowned economist Kiyosaki recently noted that the great “crash and crisis” has only just begun and pensions, the US corporate pension program 401k and IRAs (individual retirement accounts) have woken up and are now bankrupt like banks. However, the leading name once again advised investors to buy Bitcoin, silver and gold as an antidote to the current crisis that has emerged in the financial field, as he did before. On the other hand, many investors asked the famous economist Kiyosaki on Twitter about Bitcoin and silver.

The leading cryptocurrency Bitcoin (BTC), on the other hand, held a 36 percent rally in the last week and delighted many investors. Bitcoin (BTC), which managed to exceed the level of 27 thousand dollars with the rally, changes hands instantly at $ 27,468.

Ripple CEO makes statement on SVB collapse

On the other hand, the name that makes another remarkable statement is Brad Garlinghouse, CEO of Ripple. Ripple CEO Garlinghouse stated that Ripple has a small amount in Silicon Valley Bank deposits. However, the CEO of Ripple said in his statements that the collapse of the bank will not affect the day-to-day operations of the company. Instantly, XRP is trading at $0.381554 and has gained 2% in the last 24 hours.