Rich Dad Poor Dad Author Robert Kiyosaki Warns Another Bank Is Set to Crash

Rich Dad Poor Dad Author Robert Kiyosaki Warns Another Bank Is Set to Crash

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that another bank is set to crash following the collapse of Silicon Valley Bank and the voluntary liquidation of Silvergate Bank. Kiyosaki also recently said the world economy is on the verge of collapse, warning of bank runs, frozen savings, and bail-ins. Robert Kiyosaki Predicts Another Bank Is Set to Crash

The author of Rich Dad Poor Dad, Robert Kiyosaki, has warned that another bank is about to fall. He noted that two major banks have already “crashed.” Silicon Valley Bank was shut down by U.S. regulators on Friday while Silvergate Bank announced voluntary liquidation on Wednesday.

Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

Predicting that a third bank is about to crash, Kiyosaki tweeted Friday: 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.

Kiyosaki has consistently advised purchasing gold and silver. In February, he predicted that the price of gold would surge to $5,000 and that silver would reach $500 by 2025. As for this year, his expectation is for the price of gold to reach $3,800, while silver is projected to reach $75. The renowned author is no fan of exchange-traded funds (ETFs) and has advised against investing in stocks, bonds, and mutual funds.

The Rich Dad Poor Dad author has also recommended bitcoin on multiple occasions, referring to the cryptocurrency as “people’s money.” He said in February that he expects the price of BTC to hit $500,000 by 2025. He recently said that investors in bitcoin, gold, and silver will get richer when the Federal Reserve pivots and prints trillions of dollars.

Earlier this month, Kiyosaki said the world economy is on the verge of collapse, warning of bank runs, frozen savings, and bail-ins. In January, he said that we are in a global recession, warning of soaring bankruptcies, unemployment, and homelessness. Tags in this story Rich Dad Poor Dad, robert kiyosaki, Robert Kiyosaki bank crash, robert kiyosaki bitcoin, robert kiyosaki crypto, Robert Kiyosaki Silicon Valley Bank, Robert Kiyosaki Silvergate Bank, Robert Kiyosaki SVB

What do you think about Rich Dad Poor Dad author Robert Kiyosaki’s predictions and do you think another bank is about to collapse? Let us know in the comments section below. Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Billionaire Mark Mobius Says He Can"t Get His Money Out of HSBC China – "They"re Putting All Kinds of Barriers" FEATURED | 5 days ago Reserve Bank of Australia Unveils Proposed CBDC Use Cases FEATURED | 7 days ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleCircle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’ Next articleBillionaire Warns of Imminent Bank Runs if Government Fails to Guarantee All SVB Deposits Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing Economist Predicts the Fed"s Response to Inflation Will Push Crypto Higher