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Robert Kiyosaki forecasts economic collapse in October that will affect gold and bitcoin prices

Well-known investor and author of the famous book “Rich Dad Poor Dad” Robert Kiyosaki projects that the global market as a whole will collapse in October, and that the crash will also affect Bitcoin, gold and stocks.

Robert Kiyosaki forecasts economic collapse in October that will affect gold and bitcoin prices

Robert Kiyosaki forecasts economic collapse in October that will affect gold and bitcoin prices

The author cited factors such as mounting debt and stated that this possible drop that he predicts offers the opportunity to invest in assets considered as a store of value such as Bitcoin, gold and silver.

“FED Governors caught “Front Running” their own policy decisions. You and I would go to jail doing what they do.That is why I save gold, silver, and Bitcoin. I do not trust the Fed, Treasury, or Wall Street. I trust Gods money, gold & silver and Peoples money, Bitcoin. Take care.” Kiyosaki said.

He noted that the possible collapse will be the result of decisions made by the Federal Reserve and the Treasury. Kiyosaki believes that the decisions made by the institutions do not reflect the current state of the economy.

His projections anticipate the expected congressional vote on a bill that seeks to suspend the US debt ceiling. If Congress does not reach an agreement before the October 18 deadline, the government risks defaulting on its existing debt obligations.

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On the other hand, Kiyosaki stressed that the fall would cause prices to rebound later, warning investors that October presents the best buying opportunity. In addition, he expressed long-term optimism about non-equity assets.

However, Kiyosaki said he was not optimistic about the stock’s recovery after the market crash. Previously, the author has expressed long-term optimism about Bitcoin, in fact, last year he spoke many times about this. He is also a big fan of gold and silver.

Likewise, Kiyosaki has shown a new concern: how it will affect the economy if the number of patients due to the West Nile virus spreads. A few cases have already been detected in the United States and Europe, as can be read in different media.

“Likewise, Kiyosaki has shown a new concern: how it will affect the economy if the number of patients due to the West Nile virus spreads. A few cases have already been detected in the United States and Europe, as can be read in different media.”

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