Robert Kiyosaki Predicted a Stock-Market Crash and Said Bitcoin Could Fall

Robert Kiyosaki, author of the bestseller ‘Rich Dad, Poor Dad’ and entrepreneur, forecast a ‘giant stock market crash in October’. In his words, the same fate awaits gold, silver, and Bitcoin.

Giant stock market crash coming October. Why? Treasury and Fed short of T-bills. Gold,silver, Bitcoin may crash too. Cash best for picking up bargains after crash. Not selling gold silver Bitcoin, yet have lots of cash for life after stock market crash. Stocks dangerous. Careful

— therealkiyosaki (@theRealKiyosaki) September 26, 2021

Among the reasons for the crash, Kiyosaki cited Treasury bills.

‘Cash is best for making deals after the crash. I am not selling gold, silver, Bitcoin; I still hold a lot of cash for life after the stock market crash’, the entrepreneur wrote.

Kiyosaki also commented on the latest repression of China against the crypto industry, which on September 24 led to Bitcoin’s price dropping below $42,000.

‘That means China is about to launch a government cryptocurrency. If the US follows their example, the Fed coin will outlaw Bitcoin. The US government will become centralized, as in China, US communism begins, our freedoms end’, he wrote.

China announced this morning a new crackdown on Crypto. What does that mean? It means China is about to launch its Government crypto coin. If US follows, Fed coin means Bitcoin outlawed, US becomes Centralized Gov, like China, US communism begins, our freedoms end. Take care.

— therealkiyosaki (@theRealKiyosaki) September 24, 2021

In July, China published the first white paper on the digital yuan (DCEP). In June, Shanghai authorities distributed $3 million to the public as part of testing the currency. Beijing allocated more than $6 million.

In October 2020, the first mass testing of the digital yuan in Shenzhen took place, which had already organized three distributions. The DCEP trials also involved Suzhou, Chengdu and Changsha.

In total, China handed out more than $39 million in the experiments with the digital yuan. In July 2021, US lawmakers warned about lag behind China in developing CBDC.

Earlier, Kiyosaki predicted the ‘biggest crash in world history’ and forecast Bitcoin dropping to $24,000. He added that market downturns are the best time to get rich.

A week later, the entrepreneur again warned of an impending ‘greatest catastrophe in world history’ and urged buying Bitcoin.

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