{"id":12557,"date":"2021-09-27T00:54:15","date_gmt":"2021-09-27T00:54:15","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/rich-dad-poor-dads-robert-kiyosaki-predicts-giant-stock-market-crash-in-october-says-bitcoin-may-crash-too\/"},"modified":"2021-09-27T00:54:15","modified_gmt":"2021-09-27T00:54:15","slug":"rich-dad-poor-dads-robert-kiyosaki-predicts-giant-stock-market-crash-in-october-says-bitcoin-may-crash-too","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/rich-dad-poor-dads-robert-kiyosaki-predicts-giant-stock-market-crash-in-october-says-bitcoin-may-crash-too\/","title":{"rendered":"Rich Dad Poor Dad\u2019s Robert Kiyosaki Predicts \u2018Giant Stock Market Crash\u2019 in October \u2014 Says \u2018Bitcoin May Crash Too\u2019"},"content":{"rendered":"

Robert Kiyosaki, the best-selling author of \u201cRich Dad Poor Dad,\u201d has predicted a \u201cgiant stock market crash\u201d coming in October. He believes that \u201cbitcoin may crash too.\u201d The famous author also offered his opinion on China\u2019s crackdown on cryptocurrencies.<\/strong><\/p>\n

Robert Kiyosaki Warns of \u2018Giant\u2019 Market Crash in October<\/h2>\n

Famous author and investor Robert Kiyosaki has predicted that a \u201cgiant stock market crash\u201d is coming in October, noting that gold, silver, and bitcoin may crash as well.<\/p>\n

Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.<\/p>\n

Kiyosaki tweeted Saturday:<\/p>\n

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.<\/p>\n

Kiyosaki has been vocal in predicting the greatest market crash. In June, he warned<\/a> that the \u201cbiggest crash\u201d in the world\u2019s history was coming since the \u201cbiggest bubble\u201d in the world\u2019s history was \u201cgetting bigger.\u201d He suggested at the time to buy more gold, silver, and bitcoin.<\/p>\n

The famous author said in August: \u201cBitcoin has the greatest upside<\/a>. With dollar dropping, bitcoin and silver are the best investments.\u201d He also shared: \u201cThe primary reason I invest in bitcoin, gold, and silver is because I do not trust our leaders, the Fed, Treasury, nor the stock market. Unfortunately, mom and pop who save money do.\u201d<\/p>\n

On Friday, after the news of China\u2019s crackdown<\/a> on cryptocurrency, the Rich Dad Poor Dad author commented:<\/p>\n

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 U.S. follows, Fed coin means bitcoin outlawed, U.S. becomes centralized gov, like China, U.S. communism begins, our freedoms end.<\/p>\n

While China is already heavily testing the digital yuan, the U.S. Federal Reserve still has not decided<\/a> whether to issue a central bank digital currency (CBDC). Fed Chair Jerome Powell said last week that the Fed will soon publish a discussion paper on the subject.<\/p>\n

Some people see China\u2019s action to crack down on crypto as positive news, including several U.S. lawmakers, who said the Chinese crypto crackdown is a big opportunity<\/a> for the U.S. to lead in the area of cryptocurrencies. \u201cChina\u2019s authoritarian crackdown on crypto, including bitcoin, is a big opportunity for the U.S. It\u2019s also a reminder of our huge structural advantage over China,\u201d Senator Pat Toomey opined.<\/p>\n

What do you think about Robert Kiyosaki\u2019s predictions? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nMarkets and Prices, bitcoin crash, bitcoin market crash, october market crash, Rich Dad Poor Dad, robert kiyosaki, Stock Market Crash<\/p>\n","protected":false},"excerpt":{"rendered":"

Robert Kiyosaki, the best-selling author of \u201cRich Dad Poor Dad,\u201d has predicted a \u201cgiant stock market crash\u201d coming in October. He believes that \u201cbitcoin may crash too.\u201d The famous author also offered his opinion on China\u2019s crackdown on cryptocurrencies. Robert Kiyosaki Warns of \u2018Giant\u2019 Market Crash in October Famous author and investor Robert Kiyosaki has…<\/p>\n","protected":false},"author":0,"featured_media":12558,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-12557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12557"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=12557"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/12558"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=12557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=12557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=12557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}