Kiyosaki and Sharon Lechter wrote the book “Rich Dad, Poor Dad” in 1997.
In February, he predicted that Bitcoin will be worth $500,000 by the year 2025.
Robert Kiyosaki, author of Rich Dad Poor Dad, says another financial institution is on its way out. As he pointed out, two big financial institutions have already “crashed.” On Friday, U.S. authorities closed Silicon Valley Bank, and on Wednesday, Silvergate Bank voluntarily liquidated.
Kiyosaki tweeted:
“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 and Sharon Lechter wrote the book “Rich Dad, Poor Dad” in 1997. This book has been a New York Times bestseller for almost six years. This book has been translated into 51 languages and published in more than 109 countries, with sales of more than 32 million copies. On Friday, Kiyosaki tweeted his prediction that a third bank will soon fail. Although he did not name any bank.
Economy on Cusp of Collapse
Kiyosaki has constantly suggested acquiring gold and silver. He projected in February that gold would reach $5,000 and silver would hit $500 by 2025. Gold should reach $3,800 this year, he says, while silver could hit $75. The acclaimed author is no admirer of exchange-traded funds (ETFs) and has recommended against investing in equities, bonds, and mutual funds.
The author of Rich Dad Poor Dad has also spoken highly of bitcoin, calling it the “people’s money.” In February, he predicted that Bitcoin will be worth $500,000 by the year 2025. He previously suggested that investors in bitcoin, gold, and silver would grow wealthy when the Federal Reserve pivots and creates trillions of dollars.
Earlier this month, Kiyosaki stated the international economy is on the cusp of collapse, warning of bank runs, frozen funds, and bail-ins.