Bank AI

Bitcoin

April

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/robert-kiyosaki-highlights-chinese-bank-failures-and-advocates-for-bitcoin-investment/" data-wpel-link="internal">Robert Kiyosaki Highlights Chinese Bank Failures and Advocates for Bitcoin Investment</a><br></p>
<p style="text-align: justify">Finance world’s famous figure and author of “Rich Dad Poor Dad,” Robert Kiyosaki, is in the headlines again with his latest tweets. <strong>Kiyosaki</strong>, shared news of a major Chinese bank’s bankruptcy with his followers on social media platform X, reiterating his interest in <a href="https://coin-turk.com/bitcoin-islem-hacmi-son-6-ayin-en-dusuk-seviyesini-gordu" data-wpel-link="internal">Bitcoin</a>.</p> 
<h2 style="text-align: justify" id="robert-kiyosaki-focuses-on-chinese-banks">Robert Kiyosaki Focuses on Chinese Banks</h2> 
<p style="text-align: justify">Bankruptcies in China are causing significant fluctuations in financial markets. Robert Kiyosaki’s tweet sheds light on the reasons behind these fluctuations. The substantial increase in non-performing real estate loans announced by the <strong>Chinese Bank of Communications</strong> exposes a challenging situation for China’s top three banks.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-334916 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/kiyosaki-coin-turk-com-.png" alt="" width="660" height="700"></p> 
<p style="text-align: justify">Earlier this week, the Chinese Bank of Communications reported a sharp increase in non-performing real estate loan rates from 2.8% to 4.99%. The figure has risen to $1.4 billion. This situation has caught Kiyosaki’s attention, prompting him to call on investors to turn to <a href="https://en.coin-turk.com/bitcoin-and-crypto-rising-bull-season-begins/" data-wpel-link="internal">Bitcoin</a>.</p> 
<h2 style="text-align: justify" id="is-there-a-similar-situation-in-the-usa">Is There a Similar Situation in the USA?</h2> 
<p style="text-align: justify">According to Kiyosaki, a similar situation is occurring in the commercial real estate sector in the USA. The bankruptcy of office buildings is emerging as a situation affecting retirement plans. Kiyosaki, evaluating this situation, calls for an exit from “fake assets” and suggests shifting to valuable assets like gold, silver, and <strong>Bitcoin</strong>.</p> 
<p style="text-align: justify">Kiyosaki’s confidence in Bitcoin is quite high. He plans to buy more Bitcoin before the <a href="https://en.coin-turk.com/bitcoin-miners-sell-as-etf-investors-get-trapped-during-market-crash/" data-wpel-link="internal">BTC</a> halving event at the end of April and predicts that Bitcoin’s price could reach $100,000 by September.</p> 
<h2 style="text-align: justify" id="clear-statements-on-bitcoin">Clear Statements on Bitcoin</h2> 
<p style="text-align: justify">Lastly, Kiyosaki’s comments on whether Bitcoin is a scam are quite clear. In his view, Bitcoin is an asset with far less fraud compared to other fiat currencies. With these words, Kiyosaki reaffirms his belief in Bitcoin and guides investors towards it in their search for a safe haven.</p> 
<p style="text-align: justify">Robert Kiyosaki’s statements could have a significant impact on financial markets and investors’ strategies. However, in my opinion, Bitcoin and other cryptocurrencies will continue to coexist with traditional systems. As we write this article, looking at the Bitcoin price, we see it challenging $70,000. BTC is at $69,961.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/robert-kiyosaki-highlights-chinese-bank-failures-and-advocates-for-bitcoin-investment/" data-wpel-link="internal">Robert Kiyosaki Highlights Chinese Bank Failures and Advocates for Bitcoin Investment</a></h5>

Robert Kiyosaki Highlights Chinese Bank Failures and Advocates for Bitcoin Investment

Table of Contents

COINTURK NEWS

Other articles published on Mar 29, 2024

AI and Social Media Shape the Battlefield in South Africa’s Upcoming Elections

KuCoin Faces US Investigation and Market Impact

AI News: OpenAI Introduces Voice Engine In Testing Mode

Milei Moneda gains attention amid ADA, SOL market movements

Ripple Payments Available On Uphold For Institutional Investors

How Meme Coins Can Provide Value, Explains Vitalik Buterin

Join our free newsletter for daily crypto updates!