HomeBitcoin NewsBeware of the Bitcoin August Curse, Robert Kiyosaki Warns

Beware of the Bitcoin August Curse, Robert Kiyosaki Warns

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Robert Kiyosaki warns of a Bitcoin price dip this August, calling it a rare chance to buy low. Is the “August Curse” an opportunity?

Robert Kiyosaki, the bestselling author of Rich Dad Poor Dad, has drawn attention once again to the so-called “Bitcoin August Curse.” 

According to him, historically, Bitcoin (BTC) tends to struggle in August. However, instead of panicking, Kiyosaki is preparing to act by buying even more.

He clearly outlined his strategy: 

If Bitcoin dips below $90,000 this month, he’s ready to load up. He already has 73 Bitcoins in his portfolio, and Kiyosaki wants to round that number up to 100 before the year ends.

Kiyosaki Sees Value in the “Bitcoin August Curse”

This isn’t the first time August has put pressure on Bitcoin holders. Data shows that the coin has posted negative returns in eight of the last twelve Augusts. According to CoinGlass, the median return in August is -7.49%. 

Because of these patterns, some believe that August could have a curse hanging over Bitcoin prices.

But Kiyosaki doesn’t see a dip as a curse at all. In fact, he welcomes it.

“Will the ‘Bitcoin August Curse’ crash Bitcoin’s price to below $90k? I hope so,” he posted on X.

Kiyosaki has been vocal about his distrust of banks and other mainstream financial systems. He regularly blames what he calls “incompetent PhDs” at the Federal Reserve and U.S. Treasury for America’s economic issues. 

In his view, Bitcoin is less of a speculative gamble and more of a hedge against a broken system.

Learning From Hard Assets Advocates

Kiyosaki recently attended “The Collective” and the “Limitless Financial Education Summit,” where he heard from economic thinkers like Jim Rickards, Brent Johnson and Larry Lepard.

These speakers are all known critics of fiat currency and fans of hard assets such as gold, silver and Bitcoin. Their views helped shape Kiyosaki’s conviction that Bitcoin is one of the few tools left to protect wealth.

At these events, Kiyosaki doubled down on his belief that price drops can shake out weak investors and create rare buying chances for those who understand the bigger picture.

A Bitcoin Dip Below $90K Is Kiyosaki’s Buy Zone

Kiyosaki isn’t just guessing about August trends. He’s watching Bitcoin levels and has made it clear that $90,000 is his magic number.

BTC traded between $112,000 and $114,000 in early August after briefly reaching a high of $120,000 in July. Analysts say the $115,000 mark is a tough resistance point. And if Bitcoin falls below $90K, Kiyosaki plans to act fast.

To him, such a crash isn’t a threat. It’s a chance to prepare for Bitcoin’s next leg up. He has even predicted a long-term goal of $250,000 per BTC by the end of the year.

Analysts Support the “Buy the Dip” Strategy

Kiyosaki isn’t alone in his thinking. Many analysts agree that corrections in the crypto market can benefit long-term investors.

Crypto commentator Sage pointed out recently that experienced holders don’t panic sell. Instead, they continue to accumulate more BTC while retail investors run for the exit.

Another analyst, Cryptic Trades, says that a break above $115,000 could push Bitcoin toward $118,000. However, if Bitcoin fails to hold above $110,000, it could be a signal for another pullback.

So far, most experts agree that if BTC can hold above $100,000, the long-term bull trend remains strong.

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