Wednesday, January 20, 2021
  • Contact Us
  • Privacy Policy
FIND CRYPTO NEWS
Advertisement
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading
No Result
View All Result
FindCryptoNews.com
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading
No Result
View All Result
FindCryptoNews.com
No Result
View All Result
Home Regulation

Bitcoin Essential Ahead of ‘Major Banking Crisis’, Says Rich Dad Poor Dad Author

August 21, 2020
in Regulation
3 min read
Bitcoin Essential Ahead of ‘Major Banking Crisis’, Says Rich Dad Poor Dad Author
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

You might also like

Ripple Co-Founder Jed McCaleb Sells 28.6 Million XRP After 25-Day Pause

Bitcoin’s Volatility Helped Ethereum Hit a New All-Time High: Report

As $ETH Breaks New ATH, Analyst Says Ethereum Price Will Quickly Go to $5000

Robert Kiyosaki, the author of the bestselling book Rich Dad Poor Dad, has told his followers on social media buying bitcoin, gold and silver are essential investments ahead of an upcoming “major banking crisis.”

Via the microblogging platform Twitter, the author of the bestselling book told his followers there was no time to “think about” investing in safe havens like precious metals or the flagship cryptocurrency, and instead warned them there was a reason legendary investor Warren Buffett dumped bank stocks.

Kiyosaki wrote:

WHY BUFFET is OUT OF BANKS . Banks bankrupt. MAJOR BANKING CRISIS COMING FAST. Fed & Treasury to take over banking system? Fed and Treasury “helicopter fake money” direct to people to avoid mass rioting? Not a time to “Think about it.” How much gold, silver, Bitcoin do you have?

— therealkiyosaki (@theRealKiyosaki) August 21, 2020

Exchange Commission (SEC) for Q2 2020 that his firm Berkshire Hathaway dumped bank stocks and invested in Barrick Gold (NASDAQ: GOLD), a gold miner, even though the legendary investor has always derided investing in the precious metal.




Kiyosaki is notably a well-known bitcoin supporter, who has frequently advised his followers on social media that the Federal Reserve’s money-printing plan to support the economy against the coronavirus-induced crash could backfire in the form of inflation.

Earlier this month, the author of Rich Dad, Poor Dad even called bitcoin the “fastest horse” in a race against gold and silver’s performance, suggesting the cryptocurrency will outperform both precious metals. His warnings against relying on the stock market’s growth have hit some, as the Federal Reserve’s balance sheet is now close to $7 trillion, up from $2 trillion in early 2009.

Indeed, market commentator Holger Zschaepitz commented the Federal Reserve’s balance sheet growing is giving investors the “green light for further stock mkt gains.”

#Fed balance sheet back >$7tn, giving investors the green light for further stock mkt gains as S&P 500 P/E trades in tandem w/ Fed balance sheet. pic.twitter.com/EPOZ0jAw2i

— Holger Zschaepitz (@Schuldensuehner) August 21, 2020

This week the U.S. stock market’s benchmark index, the S&P 500, hit a new all-time high. The stock market’s performance, coupled with ultra-low yields and the Federal Reserve’s money-printing has some worried an economic collapse could come in the near future.

Featured image via Pixabay.


Credit: Source link

Previous Post

Bitcoin Just Hit a Crucial Trendline; Analysts Expect Imminent Fireworks

Next Post

Former Uber CSO Charged Reportedly Paid $100,000 in Bitcoin to Hide Massive Data Hack

Related Posts

XRP Price Surged 118% Over Last 30 Days Ahead of Flare Token Airdrop
Regulation

Ripple Co-Founder Jed McCaleb Sells 28.6 Million XRP After 25-Day Pause

January 19, 2021
Bitcoin and Ethereum Could See ‘Triple-Digit Gains’ This Year, Says Crypto Firm CEO
Regulation

Bitcoin’s Volatility Helped Ethereum Hit a New All-Time High: Report

January 19, 2021
Ethereum Addresses in Profit Hit 2-Year High as ETH Closes in on $600
Regulation

As $ETH Breaks New ATH, Analyst Says Ethereum Price Will Quickly Go to $5000

January 19, 2021
Bitcoin and Ethereum Could See ‘Triple-Digit Gains’ This Year, Says Crypto Firm CEO
Regulation

Bitcoin More Likely to Succeed Than Ethereum, Investment Guru Suggests

January 19, 2021
Crypto Analyst Luke Martin Gives DeFi Picks to Beat Bitcoin in 2021
Regulation

Crypto Analyst Luke Martin Gives DeFi Picks to Beat Bitcoin in 2021

January 19, 2021
Next Post
Former Uber CSO Charged Reportedly Paid $100,000 in Bitcoin to Hide Massive Data Hack

Former Uber CSO Charged Reportedly Paid $100,000 in Bitcoin to Hide Massive Data Hack

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Countdown to Ethereum 2.0 Kicks Off With Deposit Contract Launch

Countdown to Ethereum 2.0 Kicks Off With Deposit Contract Launch

November 5, 2020
First Signs of Bearish Cracks Appear As Bitcoin Hits $16.8K

First Signs of Bearish Cracks Appear As Bitcoin Hits $16.8K

November 17, 2020

Don't miss it

XRP Price Surged 118% Over Last 30 Days Ahead of Flare Token Airdrop
Regulation

Ripple Co-Founder Jed McCaleb Sells 28.6 Million XRP After 25-Day Pause

January 19, 2021
Is Chainlink Centralized? A Breakdown of Token Distribution
Analysis

Is Chainlink Centralized? A Breakdown of Token Distribution

January 19, 2021
Bitcoin Forms Ideal Market Pivot as Bulls Trap Sellers; What Comes Next
Bitcoin

Bitcoin is on the Brink of Seeing a Rally to All-Time Highs as It Taps Critical Level

January 19, 2021
Bitcoin and Ethereum Could See ‘Triple-Digit Gains’ This Year, Says Crypto Firm CEO
Regulation

Bitcoin’s Volatility Helped Ethereum Hit a New All-Time High: Report

January 19, 2021
Filecoin (FIL) Competing to provide Cheaper and Better Storage in the Blockchain and Cryptocurrency Space
Crypto News

Filecoin (FIL) Competing to provide Cheaper and Better Storage in the Blockchain and Cryptocurrency Space

January 19, 2021
Ethereum Addresses in Profit Hit 2-Year High as ETH Closes in on $600
Regulation

As $ETH Breaks New ATH, Analyst Says Ethereum Price Will Quickly Go to $5000

January 19, 2021
FindCryptoNews.com

FindCryptoNews is an online news portal that aims to provide the latest crypto news and real-time updates around the world. Feel free to get in touch with us!

Recent News

XRP Price Surged 118% Over Last 30 Days Ahead of Flare Token Airdrop

Ripple Co-Founder Jed McCaleb Sells 28.6 Million XRP After 25-Day Pause

January 19, 2021
Is Chainlink Centralized? A Breakdown of Token Distribution

Is Chainlink Centralized? A Breakdown of Token Distribution

January 19, 2021

Subscribe Now

Loading

© 2020 FindCryptoNews.com - All rights reserved!

No Result
View All Result
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading

© 2020 FindCryptoNews.com - All rights reserved!

  • bitcoinBitcoin(BTC)$36,274.00-1.37%
  • ethereumEthereum(ETH)$1,398.3710.10%
  • tetherTether(USDT)$1.00-0.19%
  • rippleXRP(XRP)$0.2971213.70%
  • cardanoCardano(ADA)$0.370880-0.27%
  • litecoinLitecoin(LTC)$154.831.61%
  • bitcoin-cashBitcoin Cash(BCH)$513.68-0.11%
  • stellarStellar(XLM)$0.299200-1.20%
  • moneroMonero(XMR)$160.502.99%
  • eosEOS(EOS)$2.810.00%
  • nemNEM(XEM)$0.2470701.07%
  • tronTRON(TRX)$0.030907-1.82%
  • neoNEO(NEO)$26.55-3.45%
  • iotaIOTA(MIOTA)$0.4798212.19%
  • dashDash(DASH)$126.10-3.43%
  • ethereum-classicEthereum Classic(ETC)$7.973.06%