- Popular author, Robert Kiyosaki predicts giant stock and bitcoin crash in October.
- Kiyosaki says he is not selling his gold, silver, and bitcoin at the moment.
- The reason for the prediction is a combination of several factors including a decline in treasury bills.
Robert Kiyosaki has made a grim prediction for the stock market ahead of October. He warns investors to brace themselves for a “giant stock market crash” that is to be anticipated later this month. Aside from the stock market, Kiyosaki warns that gold, silver, and Bitcoin may be affected by the crash.
Brace Yourselves For A Crash, Says Robert Kiyosaki
Robert Kiyosaki, author of the bestselling ‘Rich Dad, Poor Dad’ has warned US investors of an impending stock market crash. According to the author, the slump in stock prices is to be expected in October and investors should prepare themselves.
He says, “Giant stock market crash coming October… Gold, silver, Bitcoin may crash too.” His warnings imply that Bitcoin may experience a massive crash as a result of the stock market crash. Kiyosaki went further to advise investors that having cash is ideal for striking good bargains after the crash.
He predicts that real estate will also be affected by the crash, citing China’s Evergrande Group crisis that could affect the US. Kiyosaki warns, “Great stock and real estate opportunities coming for smart investors. DIsaster for foolish investors.”
Reasons For His Prediction
Kiyosaki heaps the blame on the US debt crisis as a reason for his prediction of a giant crash. He said in a tweet on Sunday that, “Treasury and Fed short of T-bills” and in another tweet he warns “US Gov out of money. Shutdown looming.”
He said “Biden destroying America. Opened Southern border, Covid pouring in. Deserted Americans, weapons in Afghanistan. Shutting down America’s oil industry to keep Greenies happy. Liberals crushing working people who cannot inflation. Toxic incompetent fascist leadership. Sad.”
This is not the first time Kiyosaki is predicting an impending crash. Early in the year, he warned of a crash and advised investors to stack up on gold and bitcoin. His predictions about the crash have been met with criticisms from several quarters as users pointed out that his previous predictions have never materialized. They pointed out that the markets have been in a steady ascent since his previous predictions of a “giant crash.”