Robert Kiyosaki, author of the bestselling book Rich Dad Poor Dad, warns of a possible stock market crash in October that could cause Bitcoin to crash.
A well-known writer and investor tweeted that there will be a giant stock market crash in October as the US Treasury and the US Federal Reserve (Fed) run out of government short-term bonds. Kiyosaki urged users to be careful when investing in bonds. He suggested that the best “salvation” would be investments in gold, silver and bitcoin, however, these assets will not be able to avoid a fall in value. In addition, the investor spoke about the prohibitive measures of the People’s Bank of China (PBOC) in relation to cryptocurrencies:
“China has announced new measures to prosecute cryptocurrencies. This means the country is close to launching a central bank digital currency. If the United States follows China, then after the emergence of the state cryptocurrency of the Fed, Bitcoin will be outlawed. The United States will become a communist state like China, and our freedom will end. The US government has no money. One of the largest real estate developers China Evergrande with 800 projects in 200 cities does not have them either. Buy gold, silver, BTC and ETH before the biggest crash in history, take care of yourself “, –
wrote Kiyosaki on Twitter.
In August, when bitcoin surpassed the $ 50,000 mark, Kiyosaki
wrotethat this cryptocurrency has good potential. The main reason a businessman invests in bitcoin, gold and silver is a lack of trust in the American authorities, government agencies and the stock market. Kiyosaki warned of a crisis in traditional finance and a weakening dollar last year. This is not the first time that the writer has criticized the policy of the Federal Reserve, which prints dollars, which only aggravates the situation.
A few days ago, US Federal Reserve Chairman Jerome Powell announced that a report on the advantages and disadvantages of the digital dollar will be presented shortly. However, the decision on its release has not been made yet.
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