Shutdown LoomingAuthor Warns to Get Gold, Silver, Bitcoin, Ethereum Ahead of Biggest Stock Market Crash in History

[ad_1]

The United States is heading towards a government shutdown and potentially crippling credit default with federal government funding set to expire Thursday and borrowing authority set to run out in mid-October.

Subscribe now to Forbes CryptoAsset & Blockchain Advisor and discover new NFT and crypto blockbusters ready to earn 1000%

Fears over the two impending tax catastrophes have sparked warnings of a “giant stock market crash”, with Rich Dad Poor Dad author Robert Kiyosaki telling his 1.7 million Twitter followers to “get gold, silver, bitcoin and ethereum “before” the biggest crash in history. “

Sign up now for the free daily CryptoCodexA newsletter for the crypto-curious. Help you understand the world of bitcoin and crypto, every day of the week

MORE FROM FORBESCrypto Price Prediction: $ 100,000 worth of Bitcoin could come even sooner than you think with Ethereum in the leadBy Billy Bambrough

The US government is currently trying to raise the debt limit with some warning failure to do … [+] could therefore cause “the biggest crash in history” and advise investors to buy gold, silver, bitcoin and ethereum.

Getty Images

“Giant stock market crash in October,” Kiyosaki said last week. ” Why ? Treasury and [the Federal Reserve] running out of treasury bills. “

Kiyosaki said he did not plan to sell gold, silver or bitcoin, but warned he believed they “could also collapse” and pointed out that the Chinese real estate developer Evergrande could exacerbate market volatility.

Bitcoin, ethereum and many other major cryptocurrencies have already multiplied by several so far this year as investors rush into stock markets and commodities, in part to try to avoid falling. hold cash as inflation continues to rise.

The price of bitcoin is up almost 300% from the same period last year, while the price of ethereum is up 700%. The combined cryptocurrency market has grown from just over $ 300 billion to around $ 2,000 billion.

Others have also warned that the rapidly approaching debt ceiling could disrupt markets which have reached all-time highs this year.

“There hasn’t been too much optimism in US markets recently and the political outlook looks tough as deadlines approach on the US government debt ceiling of $ 28.4 trillion, which is again threatened to be exceeded unless lawmakers can agree to raise the limit, “Mihir Kapadia, chief executive of wealth management firm Sun Global Investments, said in comments sent via email.

CryptoCodexA free daily newsletter for crypto-curious people

MORE FORBES’Trillions Of Dollars’-Kevin O’Leary Reveals Massive Bitcoin Price Prediction And Crypto PlanBy Billy Bambrough

The price of bitcoin has skyrocketed this year, soaring along with ethereum and other cryptocurrencies like

Coinbase

Earlier in the week, Kiyosaki warned that China’s latest bitcoin and crypto crackdown, which has sparked volatility among bitcoin, ethereum, and other cryptocurrencies, could be emulated in the United States, this which could result in a ban on bitcoin.

“What [China’s crackdown] mean? This means that China is on the verge of launching its government cryptocurrency. If the United States follows, the Fed coin means bitcoin is banned, “Kiyosaki tweeted, echoing comments made earlier this month by billionaire investor Ray Dalio, who said the government would try to kill bitcoin if it was too successful.

Before the bitcoin breakthrough in October last year, the start of a bull run that saw the price of bitcoin climb to nearly $ 65,000, Kiyosaki predicted that “the world of bitcoin is emerging. right now, “warning” the real estate and gold men are being phased out. “

Published in 1997, Rich Dad, Poor Dad advocates the importance of financial literacy and has become a New York Times bestseller, selling approximately 40 million copies worldwide.

[ad_2]