.theRealKiyosaki 'Rich Dad Poor Dad' author says 'more banks about to fail'. Bitcoin $BTC
has taken to Twitter to share that despite the promise of Fed Reserve chair Powell not to raise interest rates, inflation is not over with.
After a recent string of major U.S. banks failing, Kiyosaki expects more banks to fall soon and names one particular bank that is rumored to be in a weak position now, making it the next candidate for collapse.Kiyosaki believes that this candidate is mortgage company LoanDepot, which is"" now. It was founded in 2009 in California as a nonbank holding company famous for selling mortgage and nonmortgage lending products.
Regional banks and mortgage companies are falling, Kiyosaki reminds, as if hinting at the mortgage market crisis of 2008-2009 in his tweet. He warns his followers to be careful and not to trust the positive public statements of Fed Reserve Chairman Jerome Powell or Treasury Secretary Janet Yellen. In March, several large banks shut down, including Silicon Valley Bank, Silvergate Bank and Signature Bank. All of them were"crypto-friendly" and worked not only with crypto exchanges but also with blockchain companies such as Ripple Labs . On the news of those banks failing, the Bitcoin price surged.
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