A well-known bestseller anticipates a stock market crash, with Bitcoin perhaps being dragged along with it.
According to Robert Kiyosaki, the bestselling author of “Rich Dad, Poor Dad,” the stock market will drop in October, causing a “massive stock market meltdown.” Bitcoin, as well as other cryptocurrencies, may be implicated in this.
According to the well-known author, Bitcoin and other cryptocurrencies are also susceptible to a crash. In addition, he believes that the value of silver and gold will be significantly reduced as a result of this. As a result, there is a general global economic catastrophe.
The stock market meltdown and the emergence of Bitcoin
Rich Dad, Poor Dad is a book written by Robert Kiyosaki and Sharon Lechter that was published in 1997. It has been on the New York Times best-seller list for more than a decade now. Since its publication in 2010, more than 32 million copies of the book have been sold worldwide, in 51 languages and in more than 109 countries.
On Saturday, Kiyosaki posted the following tweet:
In October, there was a massive stock market meltdown. Why? T-bills are in low supply at the Treasury and the Federal Reserve. Gold, silver, and Bitcoin are all at risk of collapsing. After a crash, cash is the greatest form of payment for picking up deals. Don’t sell your gold, silver, or Bitcoin, but make sure you have plenty of cash to last you through the next few years after the stock market fall. Stocks are quite hazardous. Carefully.
That certainly has a foreboding ring to it. The best man is well-versed in his field. Recently, Kiyosaki has been very active in projecting the next major market meltdown. The “greatest crash” in global history, he claimed, was on the horizon as the “largest bubble” in world history “grows even bigger.” At the time, he recommended that investors increase their holdings of gold, silver, and bitcoin.
Bitcoin has the greatest advantage, according to the famous author, who stated it in August. Bitcoin and silver are the ideal investments right now since the currency is sinking.” “The primary reason I invest in Bitcoin, gold, and silver is that I do not trust our leaders, the Federal Reserve, the Treasury, or the stock market,” he continued. “Unfortunately, mom and dad who save money are the ones that do it.”
As a result, he now believes that if such a catastrophe occurs, all prices will be reduced. As a result, October is shaping up to be an intriguing month.