Robert Kiyosaki, author of Rich Dad Poor Dad, has stirred discussion by embracing the idea of a potential Bitcoin price crash this August.
In a post on X (formerly Twitter), Kiyosaki referenced the so-called “Bitcoin August Curse”, speculating whether it could drive the leading cryptocurrency below $90,000.
“I hope so,” he wrote, adding that a sharp correction would present an ideal opportunity to double his Bitcoin holdings.
Kiyosaki’s remarks come after attending “The Collective” and the Limitless Financial Education Event, where he engaged with high-profile financial thinkers like Larry Lepard, Jim Rickards, and Brent Johnson, alongside experts in real estate, gold, silver, and digital assets.
He emphasized that the core issue isn’t Bitcoin itself but rather America’s multi-trillion-dollar debt and what he calls the “incompetent PhDs” managing the Federal Reserve and U.S. Treasury.
“The problem is not Bitcoin. The real problem is the swamp,” he added, calling out government fiscal mismanagement as the root cause of long-term economic instability.
READ MORE:
Bitcoin Profit Supply Drops to 91%—Swissblock Flags Critical Support Range
While the idea of a “Bitcoin August Curse” isn’t officially defined, Kiyosaki appears to view any near-term dip as a bullish setup. He concluded by reaffirming his conviction:
“If Bitcoin crashes, I’ll 2x my position.”
According to him, a crash wouldn’t hurt long-term investors—it would make them richer.
Kosta Gushterov
Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.
