Robert Kiyosaki, the author of Rich Dad Poor Dad, spoke about the bankruptcy of Silicon Valley Bank (SVB), which directly affected the world banking industry. He announced the BTC and other assets he will buy, which he has been talking about for a long time…
Robert Kiyosaki says bankruptcies that wipe out BTC price will continue
Legendary finance writer Robert Kiyosaki talked about what to do in the collapse of Silvergate and SVB, two big banks friendly to the crypto space. Both banks faced massive withdrawals from their customers, followed by a massive drop in the stock price. Finally, the company that manages Silvergate Capital announced that the bank has ceased operations. SVB Financial is reportedly negotiating with institutional investors to sell its Bank’s assets for similar reasons.
Kiyosaki responded to this news with a tweet commenting on the consequences of the bankruptcy of the two major banks. He believes he is “ready to go” to bankruptcy in other major banks. He did not share the name of a particular bank, though.
The bank’s stock also faced a massive price drop after news of the FUD began to spread in the wake of Silvergate’s bankruptcy. Kiyosaki says that only two assets will turn this crisis into an opportunity.
“I will buy these”
Kiyosaki believes that gold and silver prices will skyrocket once the third bank’s fall occurs. Referring to his own experience, the investor reminded that he predicted the bankruptcy of Lehman Brothers on CNN, which closed in 2008. The investment legend says that only gold will be durable in this crisis environment:
The Two Big Banks collapsed. Now is the time to BUY real gold and silver. Do not buy ETFs. When banks turn to gold and silver, the price skyrockets. I predicted it would crash days before 2008 Lehman crashed on CNN.
Two Major Banks have crashed. #3 set to go. BUY real gold and silver coins now. No ETFs. When Bank #3 goes gold & silver rocket up. 2008 I forecasted collapse of Lehman days before it crashed on CNN. If you want proof go to RICH DAD .com. Will be on Neil Cavuto on FOX on Monday.
— Robert Kiyosaki (@theRealKiyosaki) March 10, 2023
On Monday, Kiyosaki will speak on Neil Cavuto’s news program and on FOX TV to discuss the matter. He has repeatedly said that Bitcoin (BTC) is also an asset that can be bought in times of crisis.
According to Kiyosaki, BTC will see $ 500,000
Earlier this year, Kiyosaki, a prominent investor in Bitcoin and precious metals, shared his view that BTC will skyrocket and reach $500,000 by 2025.
Here he explained his position, saying that the US dollar is rapidly depreciating as billions of dollars continue to be printed out of nowhere by the US government. Kiyosaki said in an interview that trillions of “fake dollars” have been printed in the past two years. Over $6 trillion was printed by the Fed in 2020 alone to help average US households and large businesses get through the pandemic lockdown.
Giant crash coming. Depression possible. Fed forced to print billions in fake money. By 2025 gold at $5,000 silver at $500 and Bitcoin at $500,000. Why? Because faith in US dollar, fake money, will be destroyed. Gold & Silver Gods money. Bitcoin people’s $. Take care.
— Robert Kiyosaki (@theRealKiyosaki) February 13, 2023
cryptocoin.comAs you follow, Kiyosaki also believes, according to his previous tweets, that a global collapse is fast approaching and that it may be worse than the Great Depression of the 1930s.
