Bestselling author and financial educator Robert Kiyosaki issued a stern warning to investors in a new tweet that sent ripples through financial circles. Bitcoin fan Kiyosaki, known for his iconic book “Rich Dad Poor Dad,” urged people to reconsider their financial strategies, especially regarding traditional banks. Journalist Dr. Kiyosaki’s concerns were fueled by a conversation during a podcast with Nomi Prins in which he delivered a simple but profound message: “Get your money out of the banks.” Here are the details…
Bitcoin fan Kiyosaki rings alarm bells
The statement that set Kiyosaki’s alarm bells ringing was the revelation that the FDIC (Federal Deposit Insurance Corporation) was closely monitoring more than 725 banks. This statement by Prins points to potential instability in the banking sector, which has caused significant concerns among financial experts and investors. Robert Kiyosaki has long been an advocate of alternative investment strategies, especially in the face of economic uncertainty. He has consistently predicted market crashes and offered an unchanging prescription for surviving turbulent times. According to Kiyosaki, there are three important assets that investors should consider during times of economic unrest: gold, silver and Bitcoin (BTC).
Did a pod cast with Dr. Nomi Prins. She is a Fed insider author of Collusion & her latest book Permanent Distortion. Her message is simple, get money out of banks. She reports FDIC has over 725 banks on watch list. Be wise. Be smart. Stay ahead of crashing banks
— Robert Kiyosaki (@theRealKiyosaki) September 28, 2023
The logic behind Kiyosaki’s advice is that these assets have historically witnessed significant rallies in the event of traditional market downturns. In particular, he predicts that the leading cryptocurrency Bitcoin could reach $120,000 within the next year, with the potential to skyrocket to $500,000 per BTC by 2025. Moreover, in the event of global economic turmoil, Kiyosaki predicts that Bitcoin will reach unprecedented heights, possibly even rising to $1 million.
Kiyosaki is worried about money printing
Kiyosaki’s predictions are closely tied to his growing concern about massive money printing by the US Federal Reserve (Fed). This massive increase in money supply raises serious questions about the stability of traditional currencies, especially the US dollar, leading many investors to seek alternative assets as a hedge against potential devaluation.
In conclusion, Robert Kiyosaki’s recent warning to “Get your money out of the banks” reflects his concerns about the stability of the banking sector and the ongoing monetary policies of the US Federal Reserve. While these predictions raise eyebrows, they underscore the growing interest in alternative assets such as gold, silver and Bitcoin as investors try to navigate uncertain economic waters. As always, it is crucial that investors conduct thorough research and consider their individual financial goals and risk tolerance before making any major financial decisions.
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