Robert Kiyosaki, author of personal finance best-seller Rich Dad Poor Dad, is warning of a possible global financial collapse.
Kiyosaki tells his 2.4 million Twitter followers that a massive increase in the yield of a one-month Treasury Bill (T-Bill) indicates recessionary times are likely ahead.
He says Bitcoin (BTC) and precious metals are the best life raft for such a collapse.
“OMG. ‘The best collateral’ in the world, the one-month T-Bill went up by 100 basis points. Does this [mean] the world banking system is collapsing? So much for all those experts who recommended one-month T-Bills. Stick with Gold, Silver, Bitcoin, and home defense now….not tomorrow.”
Last month, the Bitcoin bull predicted BTC would soon rally to $100,000, and said people will likely find the king crypto a more attractive investment after the series of Federal Reserve rate hikes intended to draw down inflation.
He also said that the US banking troubles would likely drive more people to see Bitcoin as fundamentally sounder than banks.
The best-selling author previously predicted Bitcoin will eventually trade for $500,000 by 2025.
According to Kiyosaki, Bitcoin will likely go on a massive bull run when the Federal Reserve loosens monetary policy and injects market liquidity.
“Giant crash coming. Depression possible. Fed forced to print billions in fake money. By 2025 gold at $5,000 silver at $500 and Bitcoin at $500,000. Why? Because faith in US dollar, fake money, will be destroyed. Gold and Silver Gods money. Bitcoin [is the] people’s money. Take care.”
Bitcoin is worth $27,888 at time of writing, down 3.5% during the past 24 hours.
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- Source: https://dailyhodl.com/2023/05/08/global-banking-system-facing-potential-breakdown-placing-spotlight-on-gold-and-bitcoin-robert-kiyosaki/
