Robert Kiyosaki, author of Rich Dad Poor Dad and entrepreneur, has once again recommended investing in gold, silver and Bitcoin.
This comes after the recent closure of two major US banks, Silicon Valley Bank and Signature Bank, under the control of the Federal Deposit Insurance Corporation.
The Federal Reserve, along with the Treasury, has assured depositors that they will have access to all of their funds. Furthermore, the Fed has announced a $25 billion emergency financing program for banks that may be facing problems.
Following the opening of the US trading session, the stocks of many financial institutions fell, but the price of Bitcoin began to skyrocket.
Last month, Kiyosaki had already suggested gold, silver and Bitcoin as the best options in times of instability. He predicted Bitcoin’s price could reach $500,000 by 2025.