Robert Kiyosaki Forecasts Historic Market Crash To Happen In October

Robert Kiyosaki, popular author of the international bestseller “Rich Dad Poor Dad”, has predicted what he believes might be the biggest economic crash in history. According to him, the crash will happen sometime in October, and will include Bitcoin, gold, and even stocks.

Although Kiyosaki expects one of the biggest market crashes in world history this month, he also believes that it is a rare opportunity that investors must seize to invest.

While speaking in an interview with Kitco News, the self-confessed man who ‘likes crashes’, says the crash is going to be a really good one. Robert Kiyosaki was also quick to note that the only good thing about economic crashes is that, it is always a great time to get rich.

Citing several factors that would result in the global economic crash, he was particularly skeptical about the growing debt dubbing it as “the biggest problem of all”.

Speaking further about the debt, the renowned author added that the world has never had so much debt. And also being the case that the debt to GDP ratio is seriously out of this world, when it comes down, bringing everything down along with it. And as expected, he claims that’s exactly when he’d be buying more gold, silver, and Bitcoin. Although, the businessman is full of optimism about the crypto market making a full recovery, he was not so sure about stocks doing same.

Meanwhile, the EU’s securities regulator ESMA recently released a report listing overvalued assets, high-risk appetites of investors, and high debt as what could trigger and ultimately result in a possible crash in all financial markets.

Now, whether or not Kiyosaki’s predictions for October will truly come to pass, the cryptocurrency market is yet to show any tendencies of being affected by this news so far.