Crypto Currency News

Are we on the eve of a crypto market crash?

Kiyosaki suggested that a stock market crash could drag down Bitcoin

Robert Kiyosaki, the author of the best-seller “Rich Dad Poor Dad ,” said this weekend that a “gigantic stock market crash” could occur in October, with big falls in the prices of gold, silver and bitcoin.
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Kiyosaki opined on his Twitter account that a gigantic stock market crash is coming in October due to the shortage of treasury bills:

In the tweet, the author recommended getting cash to buy assets at low prices after the fall.

Regarding the Chinese repression and ban on cryptocurrencies , Kiyosaki commented that it is because the Asian giant is about to launch its government cryptocurrency:

And he added that if the US follows in their footsteps, it would mean that the Fed’s currency would also bring a ban on bitcoin in the United States.

At the moment, while China and is heavily testing the digital yuan, the Federal Reserve United States has not yet decided whether to issue a digital currency of the central bank (CBDC).
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In this regard, Fed Chairman Jerome Powell said last week that the Fed will soon publish a discussion paper on the matter.

Some people see China’s action to crack down on cryptocurrencies as positive news, including several US lawmakers, who said that China’s crackdown on cryptocurrencies is a great opportunity for the United States to lead in the crypto arena: “The authoritarian crackdown. It’s a great opportunity for the US against cryptocurrencies including bitcoin. It’s also a reminder of our enormous structural advantage over China, “said Senator Pat Toomey.

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