In a world where cryptocurrency markets are as unpredictable as ever, Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” is bracing for what he ominously dubs the “Bitcoin August Curse.” With Bitcoin currently hovering around $112,000, Kiyosaki has pinpointed a potential price drop below the $90,000 mark as his cue to double down on his investment. Kiyosaki, who already owns 73 Bitcoins, aims to bolster his holdings to a solid 100 by year’s end.
Kiyosaki Eyes August Dip
Kiyosaki’s bold stance isn’t just a shot in the dark. August, he argues, has a history of sharp corrections in Bitcoin’s price—a pattern he’s eager to exploit. In a recent post on X, he expressed his hope for a crash below $90K, a price point he sees as an attractive entry for further investment. This isn’t mere speculation; it’s a calculated move by someone who treats market dips as strategic buying opportunities. As explored in Bitcoin’s Rally Might Be Running on Fumes, some analysts also warn of an August turning point, suggesting that Kiyosaki’s strategy might be well-timed.
At a recent finance event, Kiyosaki shared insights alongside financial heavyweights like Jim Rickards and Brent Johnson, emphasizing his belief that price dips should be seen as opportunities, not calamities. His confidence is bolstered by sessions with other thought leaders at events like “The Collective” and “Limitless Financial Education Event.” These discussions have refined his perspective, reinforcing the notion that volatility can be a savvy investor’s friend.
Debt And Doubts At The Fed
Kiyosaki’s skepticism isn’t limited to market trends. He’s openly critical of the U.S. financial system, which he views as burdened by unsustainable debt and mismanagement by what he describes as “incompetent PhDs” at the Federal Reserve and Treasury. To him, the real peril lies not in Bitcoin’s price fluctuations but in the policies of what he calls the “SWAMP” in Washington. This outlook underpins his strategy to hold assets like Bitcoin, gold, and silver as hedges against broader economic instability.
Despite the ups and downs of the crypto market, Kiyosaki remains steadfast in his belief that Bitcoin is a safe haven. He’s advised his 2 million-plus followers on X to steer clear of cash, which he considers a risky asset amid potential financial turmoil. His long-term vision? A staggering $250,000 for Bitcoin by the end of 2025—a testament to his bullish outlook and ability to stay composed amidst market chaos.
Calls For Calm Amid Volatility
The crypto world is no stranger to volatility, with Bitcoin recently hitting a peak of around $120,000 before settling back into a range between $112,000 and $113,000 last week. Kiyosaki’s mantra is simple: buy when others are fearful. He’s encouraging investors to tune out the negative noise and focus on acquiring assets during downturns. This sentiment echoes recent analyses, such as Bitcoin ends record month at $115K, which suggests a potentially ‘vertical’ August for BTC prices.
His approach is rooted in a straightforward strategy: treat fear as a buying signal and monitor calendar patterns for potential entry points. However, this strategy is not without its risks. Should Bitcoin maintain its strength above $90,000 this August, Kiyosaki might miss out on buying at a lower price. Market dynamics are inherently unpredictable, and Kiyosaki acknowledges that his strategy hinges on Bitcoin’s ability to dip in the coming weeks.
In the volatile world of crypto, Kiyosaki’s approach is as much about psychology as it is about numbers. Whether the market will comply with his predictions remains to be seen, but his focus on long-term gains over short-term fluctuations offers a lesson in patience and strategic thinking. For those considering following in his footsteps, the decision hinges on their appetite for risk and faith in the so-called “August Curse.” As the crypto market continues its rollercoaster ride, the coming months promise to be anything but dull.
Source
This article is based on: Crash Incoming? Kiyosaki Warns Of ‘August Curse’ And Reveals His Bitcoin Buy Zone
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
