Famous bestseller predicts stock market crash, Bitcoin could be dragged along
Robert Kiyosaki, the bestselling author of “Rich Dad Poor Dad,” has predicted a “massive stock market crash” in October. Bitcoin, and other cryptos, can be dragged into this.
The well-known author believes that Bitcoin and other cryptocurrencies can also crash. Incidentally, he thinks that silver and gold can also become worth much less because of this. A general global crisis is then the result.
Stock market crash and Bitcoin
Rich Dad Poor Dad is a 1997 book by author 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 tweeted Saturday:
Huge stock market crash in October. Why? Treasury and Fed shortage of T-bills. Gold, silver and Bitcoin can also crash. Cash best for picking up bargains after a crash. Not selling gold, silver, Bitcoin, but still having a lot of money for life after the stock market crash. Stocks dangerous. Carefully.
Forecast
Well, that sounds ominous. The best man knows his stuff. Kiyosaki has been busy forecasting the biggest market crash lately. In June, he warned that the “biggest crash” in world history was coming as the “biggest bubble” in world history “got bigger”. At the time, he suggested buying more gold, silver and bitcoin.
The famous author said in August, “Bitcoin has the biggest advantage. With the dollar falling, Bitcoin and silver are the best investments.” He also shared: “The main reason I invest in Bitcoin, gold and silver is because I don’t trust our leaders, the Fed, the Treasury or the stock market. Unfortunately, mom and dad who save money do.”
So now he thinks that all prices could go down if such a crash comes. October will therefore be an exciting month.
