Kiyosaki’s insights draw attention to the different nature of panics in capital markets versus those in banking. According to him, while market crashes in stocks, bonds, or real estate are obvious to most, banking crises can occur without public awareness. This hidden risk is only partially mitigated by FDIC insurance, which covers deposits up to $250,000.
However, Kiyosaki questions the safety of relying solely on this protection and urges individuals to consider alternatives such as gold, silver and Bitcoin.
Kiyosaki thinks the current financial system is “corrupt” and getting more vulnerable. That’s why it is a good idea to hold tangible assets that are less likely to fail, the writer is convinced.
The bestselling author also thinks that Bitcoin could be worth a lot in the future — even up to $1,000,000. By promoting BTC, gold and silver, Kiyosaki encourages people to protect their wealth from the risks of traditional banking and to prepare for possible economic downturns.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
