{"id":50223,"date":"2021-09-27T14:36:52","date_gmt":"2021-09-27T11:36:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50223"},"modified":"2025-09-02T16:54:39","modified_gmt":"2025-09-02T13:54:39","slug":"robert-kiyosaki-predicted-a-stock-market-crash-and-said-bitcoin-could-fall","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/robert-kiyosaki-predicted-a-stock-market-crash-and-said-bitcoin-could-fall\/","title":{"rendered":"Robert Kiyosaki Predicted a Stock-Market Crash and Said Bitcoin Could Fall"},"content":{"rendered":"<p>Robert Kiyosaki, author of the bestseller &#8216;Rich Dad, Poor Dad&#8217; and entrepreneur, forecast a &#8216;giant stock market crash in October&#8217;. In his words, the same fate awaits gold, silver, and Bitcoin.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">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<p>\u2014 therealkiyosaki (@theRealKiyosaki) <a href=\\\"https:\/\/twitter.com\/theRealKiyosaki\/status\/1441994336850251780?ref_src=twsrc%5Etfw\\\">September 26, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Among the reasons for the crash, Kiyosaki cited Treasury bills.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8216;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&#8217;, the entrepreneur wrote.<\/p>\n<\/blockquote>\n<p>Kiyosaki also commented on the latest <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-slips-below-42000-as-china-tightens-crypto-trading-regulation\">repression of China against the crypto industry<\/a>, which on September 24 led to Bitcoin&#8217;s price dropping below $42,000.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8216;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&#8217;, he wrote.<\/p>\n<\/blockquote>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">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.<\/p>\n<p>\u2014 therealkiyosaki (@theRealKiyosaki) <a href=\\\"https:\/\/twitter.com\/theRealKiyosaki\/status\/1441405239131721740?ref_src=twsrc%5Etfw\\\">September 24, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>In July, China <a href=\"https:\/\/u1f987.com\/en\/news\/pboc-publishes-first-white-paper-on-the-digital-yuan\">published<\/a> the first white paper on the digital yuan (DCEP). In June, Shanghai authorities <a href=\"https:\/\/u1f987.com\/en\/news\/shanghai-authorities-hand-out-3-million-in-digital-yuan-testing\">distributed<\/a> $3 million to the public as part of testing the currency. Beijing <a href=\"https:\/\/u1f987.com\/en\/news\/beijing-to-distribute-over-6m-in-cbdc-testing\">allocated<\/a> more than $6 million.<\/p>\n<p>In October 2020, the <a href=\"https:\/\/u1f987.com\/en\/news\/digital-yuan-airdrop-drew-nearly-2-million-people\">first mass testing<\/a> of the digital yuan in Shenzhen took place, which had already organized three distributions. The DCEP trials also involved <a href=\"https:\/\/u1f987.com\/en\/news\/suzhou-to-run-another-digital-yuan-test\">Suzhou<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/china-to-trial-digital-yuan-with-restricted-use-cases\">Chengdu<\/a> and Changsha.<\/p>\n<p>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 <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-central-bank-digital-currency-cbdc\">CBDC<\/a>.<\/p>\n<p>Earlier, Kiyosaki predicted the &#8216;biggest crash in world history&#8217; and forecast Bitcoin dropping to $24,000. He added that market downturns are the best time to get rich.<\/p>\n<p>A week later, the entrepreneur again warned of an impending &#8216;greatest catastrophe in world history&#8217; and <a href=\"https:\/\/u1f987.com\/en\/news\/robert-kiyosaki-urges-buying-bitcoin-ahead-of-the-biggest-crash-in-history\">urged buying Bitcoin<\/a>.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Robert Kiyosaki, author of the bestseller &#8216;Rich Dad, Poor Dad&#8217; and entrepreneur, forecast a &#8216;giant stock market crash in October&#8217;. In his words, gold, silver, and Bitcoin will face the same fate.<\/p>\n","protected":false},"author":1,"featured_media":50224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,133,1138,1147,26],"class_list":["post-50223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-china","tag-opinions","tag-robert-kiyosaki","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=50223"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50223\/revisions"}],"predecessor-version":[{"id":50225,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50223\/revisions\/50225"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/50224"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=50223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=50223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=50223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}