Rich Dad Poor Dad’s Robert Kiyosaki Predicts ‘Giant Stock Market Crash’ in October — Says ‘Bitcoin May Crash Too’ – Markets and Prices Bitcoin News

3 months ago

Robert Kiyosaki, the best-selling writer of “Wealthy Dad Deficient Dad,” has predicted a “large inventory marketplace crash” coming in October. He believes that “bitcoin would possibly crash too.” The well-known writer additionally presented his opinion on China’s crackdown on cryptocurrencies.

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Robert Kiyosaki Warns of ‘Massive’ Marketplace Crash in October

Well-known writer and investor Robert Kiyosaki has predicted {that a} “large inventory marketplace crash” is coming in October, noting that gold, silver, and bitcoin would possibly crash as smartly.

Wealthy Dad Deficient Dad is a 1997 ebook co-authored by means of Kiyosaki and Sharon Lechter. It’s been at the New York Instances Highest Dealer Checklist for over six years. Greater than 32 million copies of the ebook were bought in over 51 languages throughout greater than 109 nations.

Kiyosaki tweeted Saturday:

MASSIVE INVENTORY MARKETPLACE CRASH COMING OCTOBER. WHY? TREASURY AND FED IN NEED OF T-BILLS. GOLD, SILVER, BITCOIN WOULD POSSIBLY CRASH TOO. MONEY SUPREME FOR SELECTING UP BARGAINS AFTER CRASH. NOW NOT PROMOTING GOLD, SILVER, BITCOIN, BUT HAVE A WHOLE LOT OF MONEY FOR EXISTENCE AFTER INVENTORY MARKETPLACE CRASH. SHARES BAD. CAUTIOUS.

Kiyosaki has been vocal in predicting the best marketplace crash. In June, he warned that the “greatest crash” on this planet’s historical past used to be coming because the “greatest bubble” on this planet’s historical past used to be “getting larger.” He steered on the time to shop for extra gold, silver, and bitcoin.

The well-known writer stated in August: “Bitcoin has the best upside. With greenback shedding, bitcoin and silver are the finest investments.” He additionally shared: “The main reason why I put money into bitcoin, gold, and silver is as a result of I don’t agree with our leaders, the Fed, Treasury, nor the inventory marketplace. Sadly, mother and pa who get monetary savings do.”

On Friday, after the scoop of China’s crackdown on cryptocurrency, the Wealthy Dad Deficient Dad writer commented:

CHINA INTRODUCED THIS MORNING A BRAND NEW CRACKDOWN ON CRYPTO. WHAT DOES THAT IMPLY? IT MANNER CHINA IS SET TO RELEASE ITS GOVT CRYPTO COIN. IF U.S. FOLLOWS, FED COIN MANNER BITCOIN OUTLAWED, U.S. TURNS INTO CENTRALIZED GOV, LIKE CHINA, U.S. COMMUNISM STARTS, OUR FREEDOMS FINISH.

Whilst China is already closely trying out the virtual yuan, the U.S. Federal Reserve nonetheless has no longer determined whether or not to factor a central financial institution virtual foreign money (CBDC). Fed Chair Jerome Powell stated ultimate week that the Fed will quickly submit a dialogue paper at the topic.

Some folks see China’s motion to crack down on crypto as sure information, together with a number of U.S. lawmakers, who stated the Chinese language crypto crackdown is a huge alternative for the U.S. to steer within the space of cryptocurrencies. “China’s authoritarian crackdown on crypto, together with bitcoin, is a huge alternative for the U.S. It’s additionally a reminder of our large structural benefit over China,” Senator Pat Toomey opined.

What do you take into consideration Robert Kiyosaki’s predictions? Tell us within the feedback segment beneath.

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