Renowned author Robert Kiyosaki, known for his best-selling book “Rich Dad Poor Dad,” is making a bold prediction about the future of banking and the global economy. In a recent social media post, Kiyosaki warned of an impending economic collapse and suggested that more banks will fail due to the Federal Reserve’s tightening policies. However, he also provided some investment advice to help people survive the financial crisis.
According to Kiyosaki, the best store of value during an economic crash is a combination of gold, silver, and Bitcoin. He emphasized the importance of having these assets as a form of insurance against the unstable financial system. Comparing the situation to US Navy Flight School, where student pilots learn how to crash their planes, Kiyosaki believes that those who do not know how to handle their money will suffer significant losses when banks fail and the world economy crashes.
Notably, Kiyosaki has been advocating for Bitcoin as a hedge against fiat currency and the actions of central banks and Wall Street. He sees the cryptocurrency as a parachute for a personal soft landing during uncertain times. At the time of writing, Bitcoin is trading at $45,287, representing a 1.53% increase in the last 24 hours.
In conclusion, Kiyosaki’s prediction of a banking collapse and global economic crash has garnered attention, especially considering his track record as a financial expert. As he continues to endorse Bitcoin as a safe haven investment, individuals may consider diversifying their assets to mitigate potential risks associated with traditional banking systems.