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.

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.

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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).

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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