Investor, nonfiction author and entrepreneur Robert Kiyosaki, significantly well-known for his ebook on monetary literacy “Wealthy Dad Poor Dad,” has taken to Twitter to make one other prediction of an upcoming financial and monetary collapse.

He talked about Bitcoin in his tweet, reminding the viewers that he believes the flagship cryptocurrency, together with just a few different property, to be vitally essential now.

SILICON Valley Financial institution -SILVERGATE Financial institution-SIGNATURE Financial institution. They went WOKE and went BROKE. Crash and Disaster simply beginning. Pensions, IRAs, 401ks went WOKE going broke. Purchase extra G,S, BC. TAKE CARE.

— Robert Kiyosaki (@theRealKiyosaki) March 15, 2023

“Banks went woke and went broke,” “Purchase extra BTC”

Kiyosaki has once more drawn the eye of his massive Twitter viewers to the present disaster within the banking sphere and the current collapse of three main banks — Silvergate Financial institution, Silicon Valley Financial institution and Signature Financial institution. All three of those have been additionally crypto-friendly, coping with crypto exchanges, collaborating with stablecoin issuers, and storing a part of the money steadiness of some crypto firms.

The chief government of Ripple, Brad Garlinghouse, not too long ago admitted in a press release that Ripple did maintain a part of its money steadiness at Signature Financial institution. Nevertheless, it was a very small portion, and the financial institution’s collapse has not impacted the each day operations of Ripple.

The U.S. authorities additionally promised to take care of the entry of SVB and Signature Financial institution’s prospects to their balances and permit withdrawals with out spending taxpayers’ cash. Kiyosaki then tweeted a sarcastic remark to that.

In in the present day’s tweet, he acknowledged that “crash and disaster” are simply starting, and that pensions, U.S. company pension program 401k and IRAs (particular person retirement accounts) went woke and are going broke now, as are the banks.

Kiyosaki concluded his tweet with a conventional name to purchase Bitcoin, bodily gold and silver for customers to hedge their dangers within the present troublesome interval for the economic system.

Bitcoin to hit $500,000, gold to rise to $5,000, per Kiyosaki

Earlier this yr, Kiyosaki tweeted that he expects BTC to surge to the astonishing stage of $500,000, gold to hit $5,000 per ounce and silver to surge to $500 by 2025. The primary driver for this, he believes, goes to be the cumulative impact of the U.S. authorities printing “billions in pretend {dollars}.”

The printing began again in 2020, when the pandemic broke out, lockdowns have been carried out and the U.S. authorities started supporting common residents with “survival checks” price $1,200 per grownup. Banks and enormous companies have been supported with bailouts.

Now, Kiyosaki reckons that Bitcoin is the “reply to the sick economic system.” BTC, gold and silver are the perfect inflation hedges, based on him.

Bitcoin is at the moment altering arms at $24,553, after briefly peaking on the $26,000 stage on a number of elements, together with a constructive February CPI report, which made economists assume that the Federal Reserve is more likely to start reducing price hikes on the March FOMC assembly.