The bestselling author of “Rich Dad Poor Dad” and entrepreneur Robert Kiyosaki has once again urged investors to put money into gold, silver and bitcoin amid troubles in American banks.
BAIL OUTS begin. More fake money to invade sick economy. Still recommend same response. Buy more G, S, BC. Take care. Crash landing ahead.
— Robert Kiyosaki (@theRealKiyosaki) March 13, 2023
In his view, regulators will print more fake money to rescue the ailing economy.
«My recommendations are still the same. Buy more gold, silver, Bitcoin. Take care of yourself. A crash landing ahead,» wrote Kiyosaki.
The statement came amid the recent closure of major American banks — Silicon Valley Bank (SVB) and Signature Bank. They were placed under the management of the Federal Deposit Insurance Corporation.
The FDIC, together with the U.S. Treasury and the Federal Reserve, said that the depositors of SVB and Signature Bank would have access to all funds in full.
Additionally, the Fed announced the creation of an emergency financing program for banks that may face trouble. $25 billion will be allocated for this.
After the opening of the U.S. trading session, the shares of many financial institutions fell sharply. At the same time, the price of Bitcoin began to rise rapidly.
Earlier last month, Kiyosaki described Bitcoin, gold and silver as the best options in unstable times. During the same period, the entrepreneur predicted that Bitcoin would rise to $500,000 by 2025.