Robert Kiyosaki, author of the popular book “Rich Dad Poor Dad” has predicted that October will be a “huge stock market crash” and notes that gold, silver and Bitcoin could also collapse.

Robert Kiyosaki – author of “Rich Dad, Poor Dad”

“Rich Dad Poor Dad” is a 1997 book that was co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. More than 32 million copies of the book have been sold in more than 51 languages ​​in more than 109 countries.

Kiyosaki was tweets on Saturday:

“The huge stock market is going to collapse next October. Why? Treasury and Fed short of T-bills. Gold, silver, bitcoin can also crash. Cash is the best way to get a bargain after a crash. No sales of gold, silver, bitcoin, but still a lot of cash for life after the stock market crash. Stocks are very dangerous. Be careful”.

Kiyosaki spoke out in favor of predicting the biggest market crash. In June he warned that the “biggest crash” in world history was imminent because the “biggest bubble” in world history was “getting bigger and bigger”. At that time he offered to buy more gold, silver and bitcoin.

“Bitcoin has the biggest advantage. When the dollar is falling, BTC and silver are the best investments. The main reason I invest in Bitcoin, gold and silver is because I don’t trust our leaders, the Fed, the Treasury Department or the stock market. It is unfortunate that retail investors who have saved money are thrown in there, “Kiyosaki said in August.

On Friday (September 23), Kiyosaki became. after the news of China’s crypto penetration comment:

“This morning China announced a new crackdown on cryptocurrencies. What does it mean? This means that China is about to launch a digital government currency. If the US follows to create the Fed coin, which means Bitcoin will be ostracized, the US will become a centralized government like China, US communism begins, our freedoms are over. “

While China is aggressively testing a digital yuan, the US Federal Reserve (Fed) has yet to decide whether to issue a central bank digital currency (CBDC). Fed chief Jerome Powell said last week the Fed would soon release a document discussing the issue.

Some see China’s crackdown on cryptocurrencies as positive news, including some US lawmakers who see China’s crackdown on cryptocurrencies as a great opportunity for the US to take the lead in electronic money. Senator Pat Toomey emphasize:

“China’s authoritarian crackdown on cryptocurrencies, including BTC, is a huge opportunity for the United States. It is also a reminder of our enormous structural advantage over China. “

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Mr. Teacher

According to NewsBitcoin

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