Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, is predicting a potential Bitcoin crash this August. He’s calling it the “August Curse,” referencing Bitcoin’s historically poor performance in August.
The “August Curse” and Kiyosaki’s Prediction
Kiyosaki, who boasts a large following on X (formerly Twitter), believes Bitcoin could plummet below $90,000 this month. However, he sees this as a buying opportunity.
Kiyosaki’s Buying Strategy
He’s stated that if Bitcoin’s price drops more than 21% from its current level, he plans to double his Bitcoin holdings. At the time of writing, Bitcoin was trading around $114,973.
Beyond Bitcoin: Kiyosaki’s Broader Concerns
Kiyosaki isn’t just focusing on Bitcoin’s price. He’s also expressing concern about the massive national debt and what he calls incompetent leadership in financial institutions. He believes that the potential “August Curse” could actually benefit savvy Bitcoin investors in the long run.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before making any investment decisions.
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