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Robert Kiyosaki Highlights Chinese Bank Failures and Advocates for Bitcoin Investment
Finance world’s famous figure and author of “Rich Dad Poor Dad,” Robert Kiyosaki, is in the headlines again with his latest tweets. Kiyosaki, shared news of a major Chinese bank’s bankruptcy with his followers on social media platform X, reiterating his interest in Bitcoin.
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 Chinese Bank of Communications exposes a challenging situation for China’s top three banks
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 Bitcoin.
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