By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    Former Olympic cyclist Rohan Dennis avoids jail time in wife’s death – National
    Former Olympic cyclist Rohan Dennis avoids jail time in wife’s death – National
    May 15, 2025
    A Russian delegation has arrived in Istanbul for Ukraine talks. It doesn’t include Putin
    A Russian delegation has arrived in Istanbul for Ukraine talks. It doesn’t include Putin
    May 15, 2025
    Once ‘dead’ thrusters on the farthest spacecraft from Earth are in action again
    Once ‘dead’ thrusters on the farthest spacecraft from Earth are in action again
    May 15, 2025
    ‘Don’t know what to do’: Johor Bahru’s heritage businesses near RTS station grapple with rising rents, inflation
    ‘Don’t know what to do’: Johor Bahru’s heritage businesses near RTS station grapple with rising rents, inflation
    May 15, 2025
    Jurors view ‘Freak off’ images too graphic to be shown to public
    Jurors view ‘Freak off’ images too graphic to be shown to public
    May 15, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    Ukraine strategic Bitcoin reserve bill reportedly in final stages
    Ukraine strategic Bitcoin reserve bill reportedly in final stages
    May 15, 2025
    Senate removes Trump provisions in push to pass stablecoin bill
    Senate removes Trump provisions in push to pass stablecoin bill
    May 15, 2025
    MOODENG price drops 14% to alt=
    MOODENG price drops 14% to $0.2613 after 703% weekly rally
    May 15, 2025
    Bitwise CIO bats for diversified crypto investment, compares Bitcoin to Google
    Bitwise CIO bats for diversified crypto investment, compares Bitcoin to Google
    May 15, 2025
    The Role of Altcoins in 2025’s Crypto Market
    The Role of Altcoins in 2025’s Crypto Market
    May 15, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: Financial Guru Says Bitcoin Is Your Shield In Banking Crisis
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Cryptocurrency > Financial Guru Says Bitcoin Is Your Shield In Banking Crisis
Financial Guru Says Bitcoin Is Your Shield In Banking Crisis
Cryptocurrency

Financial Guru Says Bitcoin Is Your Shield In Banking Crisis

Published February 9, 2024
Share
5 Min Read
SHARE

Contents
Bitcoin, A Parachute For The Banking Crashlanding?A Shield Stronger Than Gold

Amid the recent banking turmoil in the US, different financial gurus and important figures have shared their thoughts on the most secure options for investors to protect themselves. Recently, “Rich Dad Poor Dad” Author Robert Kiyosaki warned investors about a looming banking crisis and advocated for Bitcoin as a “parachute” for the landing.

Bitcoin, A Parachute For The Banking Crashlanding?

Robert Kiyosaki warned his 2.5 million followers on X (former Twitter) about the potentially turbulent times ahead for the banking system and world economies.

The author of “Rich Dad, Poor Dad” compares the US Navy Flight School to the current financial system. Student pilots learn how to proceed when the plane starts to fail, making them able to land under turbulent conditions.

However, this is not the case for “financial losers,” as inexperienced investors usually find themselves clueless about the steps to take after a banking collapse and subsequent economic crash.

BAIL OUT, BAIL OUT, BAIL OUT: In US Navy Flight School, student pilots learn how to fly and how to crash their plane. Financial losers will lose money because they do not know what to with their money as banks fail and world economy crashes. For many years I have warned, “Buy…

— Robert Kiyosaki (@theRealKiyosaki) February 8, 2024

He suggested investors “bailout” as he predicted that a soft landing was not on the horizon. Additionally, he reiterated his position on the assets he believes serve as a shield in an economic crash, naming Bitcoin, gold, and silver as “parachutes for your soft landing.”

Kiyosaki’s latest warning comes after the recent concerns of a repeat of the 2023 regional banking crisis. Almost a year ago, Silvergate, Silicon Valley, and Signatures caused havoc in the banking sector after their collapses, which led to economic turmoil in the US.

Now, concerns about the stability of the regional banking sector in the US have significantly increased after the recent reports of major losses from New York Community Bancorp (NYCB) in the last quarter of 2023. The bank bought Silvergate after the 2023 crisis and saw its shares’ price plummet by 45% a week ago, hinting at instability in the sector.

A Shield Stronger Than Gold

Other prominent figures in the financial sector have recently spoken about the looming banking collapse and have given investors options to shield themselves from an economic crisis.

BitMex Co-founder Arthur Hayes directly commented on the NYCB news, forecasting impending bankruptcy for NYCB’s future. Additionally, he suggested that Bitcoin’s price could reach $1 million, reaffirming his trust in the digital asset.

Oh baby …

From junk to bankrupt, that’s the future.

And then more money printer go brrrr$BTC = $1mm pic.twitter.com/6Ia00GWYa5

— Arthur Hayes (@CryptoHayes) February 7, 2024

Recent comments from Ark Invest CEO Cathie Wood suggested that the idea that Bitcoin is a “flight to safety” is reasserting now that the spot Bitcoin Exchange-Traded Funds (ETF) have been approved by the US Securities and Exchange Commission (SEC). Wood also shared her belief that the digital asset will surpass gold in the future:

Relative to gold, Bitcoin has been rising. There’s now a substitution into Bitcoin and we think that is going to continue now that there is a less friction-filled way to access Bitcoin.

Bitcoin has had an overall bullish run throughout the first month of 2024. The approval of spot Bitcoin ETFs by the US SEC fueled the bullish sentiment as the crypto-based investment products launched.

However, the outflows from the Grayscale Bitcoin ETF (GBTC) raised momentary concerns and drove the price under the $40,000 price range.

Since then, the price has steadily been rising above, and BTC has gained 6% in the last 7 days, per data from CoinGecko. At the time of writing, BTC is trading at $44,764.5, a 4.2% surge in the last 24 hours.

Bitcoin is trading at $44,764.5 in the hourly chart. Source: BTCUSDT on TradingView.com

Featured image from Unsplash.com, Chart from TradingView.com

#Financial #Guru #Bitcoin #Shield #Banking #Crisis

- Advertisement -
TAGGED:bankingBitcoinCrisisFinancialGuruShield
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Glass supercharges smartphone cameras with AI — minus the hallucinations Glass supercharges smartphone cameras with AI — minus the hallucinations
Next Article Brendon McCullum – Cricket off the agenda as England head for Abu Dhabi break between India Tests Brendon McCullum – Cricket off the agenda as England head for Abu Dhabi break between India Tests
- Advertisement -

Latest Post

Former Olympic cyclist Rohan Dennis avoids jail time in wife’s death – National
Former Olympic cyclist Rohan Dennis avoids jail time in wife’s death – National
World News
Ukraine strategic Bitcoin reserve bill reportedly in final stages
Ukraine strategic Bitcoin reserve bill reportedly in final stages
Cryptocurrency
A Russian delegation has arrived in Istanbul for Ukraine talks. It doesn’t include Putin
A Russian delegation has arrived in Istanbul for Ukraine talks. It doesn’t include Putin
World News
Senate removes Trump provisions in push to pass stablecoin bill
Senate removes Trump provisions in push to pass stablecoin bill
Cryptocurrency
Once ‘dead’ thrusters on the farthest spacecraft from Earth are in action again
Once ‘dead’ thrusters on the farthest spacecraft from Earth are in action again
World News
MOODENG price drops 14% to alt=
MOODENG price drops 14% to $0.2613 after 703% weekly rally
Cryptocurrency
- Advertisement -

You Might Also Like

Ethereum NFT Giants Stumble as Trump NFTs Maintain Momentum
Cryptocurrency

Ethereum NFT Giants Stumble as Trump NFTs Maintain Momentum

February 4, 2024
SEC Cracks Down On Van Eck For Failing To Disclose Influencer Involvement In ETF Launch
Cryptocurrency

SEC Cracks Down On Van Eck For Failing To Disclose Influencer Involvement In ETF Launch

February 17, 2024
Paris Blockchain Week Teases 2024 with Press Event in London
Cryptocurrency

Paris Blockchain Week Teases 2024 with Press Event in London

January 30, 2024
Tron says DAO X hack cost victims K, Curve Finance also hit
Cryptocurrency

Tron says DAO X hack cost victims $45K, Curve Finance also hit

May 6, 2025

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?