Robert Kiyosaki, author of “Rich Dad, Poor Dad,” predicts a “huge stock market crash” coming in October. He believes that “BTC can also fall.” The famous author also offered his opinion on the Chinese intervention against cryptocurrencies.
Robert Kiyosaki warns of a huge market crash in October
Famous author and investor Robert Kiyosaki predicted that there would be a “huge stock market crash” in October, noting that the same could happen to gold, silver and BTC.
Rich dad. Poor Dad is a book from 1997, co-authors are Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for more than six years. More than 32 million copies have been sold in more than 51 languages, in more than 109 countries.
Kiyosaki wrote on twitter:
“There will be a huge stock market crash in October. Why? The Treasury and the Fed do not have treasury bills. Gold, silver, BTC can also fall. Don’t sell gold, silver, BTC and you will have a lot of money for life after the stock market crash. Stocks are dangerous. Careful. ”
Kiyosaki predicted the latest market crash. In June, he warned that the biggest crash in history was approaching, as the “biggest bubble” in world history was “growing.” At that time he proposed to buy more gold, silver and BTC.
The famous author said in August: “BTC has the biggest benefits. When the dollar falls, BTC and silver are the best investments. He said: “The primary reason I invest in BTC, gold and silver is because I don’t trust our leaders, the Fed, the Treasury or the stock market.”
On Friday, after a report on China’s crackdown on cryptocurrency, the author wrote:
“China announced a new crackdown on cryptocurrencies this morning. What does it mean? This means that China is about to launch its government digital currency. If the United States follows it, it will become a centralized government, just as American communism begins in China, our freedoms end. ”
While China is already testing the digital yuan intensively, the US Federal Reserve has still not decided whether to issue the digital currency of the central bank (CBDC). Fed Chairman Jerome Powell said last week that the Fed would soon publish a document on the subject.
Some people see China’s action against cryptocurrencies as positive news, including several U.S. lawmakers who said China’s crackdown on cryptocurrencies is a great opportunity for the US to be a leader in the cryptocurrency industry. “China’s authoritarian crackdown on cryptocurrencies, including BTC, is a great opportunity for the United States. It is also a reminder of our huge structural advantage over China, “said Senator Pat Toomey.