Bitcoin as a Shield Against Banking Crisis: Advice from Financial Experts

Amidst the recent banking turmoil in the US, prominent financial figures have shared their insights on how investors can protect themselves.

Robert Kiyosaki’s Warning and Bitcoin’s Role:

  • Robert Kiyosaki, author of “Rich Dad, Poor Dad,” cautioned investors about a looming banking crisis.
  • He likened the current financial system to US Navy Flight School, where student pilots learn to land in turbulent conditions.
  • Kiyosaki advised investors to “bail out” and suggested Bitcoin, gold, and silver as shields against economic crashes.

Concerns About Regional Banking Sector:

  • The recent losses reported by New York Community Bancorp (NYCB) have raised concerns about the stability of the regional banking sector in the US.
  • NYCB’s acquisition of Silvergate after the 2023 crisis and the subsequent plunge in its share price hint at instability in the sector.

Other Experts’ Views:

  • BitMex Co-founder Arthur Hayes predicted impending bankruptcy for NYCB and suggested that Bitcoin’s price could reach $1 million.
  • Ark Invest CEO Cathie Wood believes Bitcoin is reasserting its role as a “flight to safety” and will surpass gold in the future.

Bitcoin’s Performance and ETF Approval:

  • Bitcoin has had a bullish run in 2024, fueled by the approval of spot Bitcoin Exchange-Traded Funds (ETFs) by the US SEC.
  • However, outflows from the Grayscale Bitcoin ETF (GBTC) raised concerns, causing a temporary dip in price.
  • Bitcoin has since recovered, gaining 6% in the last 7 days and trading at $44,764.5 at the time of writing.


Financial experts emphasize the importance of preparing for potential banking crises and suggest Bitcoin as a potential hedge against economic downturns. Bitcoin’s recent performance and ETF approval add to its appeal as a safe haven asset.