Personal finance author Robert Kiyosaki is issuing stern warnings about the global economy while telling investors to grab Bitcoin (BTC) and Ethereum (ETH).
The author of the “Rich Dad Poor Dad” book series tells his 1.7 million followers on Twitter that he thinks a number of big fundamental catalysts will rock the economy and that investors should protect themselves by picking up some BTC, ETH and precious metals.
“US government out of money. Shutdown looming. Dems blame Republicans for the problem. Evergrande China biggest property developer with 800 projects in 200 cities out of money. Get the message? Get gold, silver, Bitcoin and Ethereum before the biggest crash in history. Take care.”
Kiyosaki predicts a massive stock market crash coming next month and warns that precious metals and BTC might be taken down with it.
“Giant stock market crash coming October. Why? Treasury and Fed short of T-bills. Gold, silver, Bitcoin may crash too. Cash [is] best for picking up bargains after [the] crash. Not selling gold, silver [and] Bitcoin, yet have lots of cash for life after [the] stock market crash. Stocks dangerous. Careful.”
The best-selling author also says that China’s recent crypto crackdown could be a precursor to a government-run coin that ends up making Bitcoin illegal in the US.
“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 [is] outlawed. US becomes [a] centralized government, like China. US communism begins. Our freedoms end. Take care.”