News - Author "Rich Dad, Poor Dad" and founder BitMEX warn of financial crisis
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American banks are once again facing financial problems. If it is up to Robert Kiyosaki and Arthur Hayes, the time is ripe for a crash - and a million-dollar Bitcoin exchange rate.
The author of the financial bestseller "Rich Dad, Poor Dad" is sounding the alarm: because of economic instability and a perceived threat of bank failures. As Robert Kiyosaki says on X (formerly Twitter), "financial losers will lose money because they don't know what to do with their money if banks and the global economy collapses." To protect yourself from this, the author of the financial book recommends: "Buy gold, silver and Bitcoin." These assets are "parachutes for a soft [financial] landing," he continues.
BAIL OUT, BAIL OUT, BAIL OUT: In US Navy Flight School, student pilots learn how to fly and how to crash their plane. Financial losers will lose money because they do not know what to with their money as banks fail and world economy crashes. For many years I have warned, “Buy…
— Robert Kiyosaki (@theRealKiyosaki) February 8, 2024
Arthur Hayes has a similar viewpoint, criticizing the systemic problems in the traditional banking system. To overcome these problems, the U.S. Federal Reserve continues to print more money, inflating the banknotes in circulation.
Oh baby …
— Arthur Hayes (@CryptoHayes) February 7, 2024
From junk to bankrupt, that’s the future.
And then more money printer go brrrr$BTC = $1mm pic.twitter.com/6Ia00GWYa5
According to BitMEX's founder, scarce assets such as gold and Bitcoin are likely to rise as a result. The cryptoreservation currency could rise to a million dollars per Bitcoin as a result. For Robert Kiyosaki, the expansion of money is also a reason why Bitcoin is predicted to rise to about US$135,000 - before the end of this year.