After three major banks headquartered in the United States – Silvergate Bank, Signature Valley Bank (SVB) and most recently Signature Bank – all collapsed in a short time, Robert Kiyosaki, the author of the wildly popular book “Rich Dad, Poor Dad” , people through a tweet to buy gold, silver and bitcoin (BTC).
BAIL OUTS begin. More fake money to invade the sick economy. Still recommend same response. Buy more G, S, BC. Take care. Crash landing ahead.
— Robert Kiyosaki (@theRealKiyosaki) March 13, 2023
United States banking crisis
In case you haven’t been watching the crypto news this past week, news came out last week that crypto bank Silvergate was shutting down all operations and a liquidation is “the best path forward.” However, it did not stop there, as the financially troubled SVB was also closed by the American regulators. This is also seen as one of the largest bank failures in the history of the United States.
Earlier today you could also read that another American crypto-friendly bank has gone under. Last night, Signature, a New York-based bank with more than $100 billion in assets under management, was shut down by the government to prevent further collapse.
Kiyosaki had recently “predicted” that it would only be a matter of time before a third bank collapsed.
In Kiyosaki’s tweet, he made projections that “more fake money would enter the ailing economy” as bailouts begin in response to the major financial sector crisis. Last night, the Federal Reserve announced that the US central bank is intervening with a financing of no less than $ 25 billion. The bitcoin price has rocketed in response to this: at the time of writing, it is at $22,600. This means that the price has risen by almost 10% in the past 24 hours.
As mentioned, Kiyosaki advises buying silver, gold and bitcoin. He repeats his earlier advice. In September, Kiyosaki already said that he expects the US dollar to collapse soon as a result of the current policy of the US central bank. The current banking crisis has led him to once again make his advice known to his 2.3 million Twitter followers.