Robert Kiyosaki, a well-known figure in the financial world, believes Bitcoin is poised for a dip in August, which he calls the “August Curse.” He’s prepared to capitalize on this potential downturn.
Kiyosaki’s Bitcoin Strategy
Kiyosaki currently owns around 73 Bitcoins and aims to own 100 by the year’s end. He’s stated that if Bitcoin falls below $90,000, he’ll significantly increase his holdings. He sees market dips not as disasters, but as opportunities to buy low. This strategy is based on his belief in Bitcoin’s long-term potential, with a price target of $250,000 by the end of 2025.
Recent Events and Influences
Kiyosaki recently attended financial events like “The Collective” and “Limitless Financial Education Event,” where he interacted with other financial experts like Jim Rickards and Brent Johnson. These experiences reinforced his belief in Bitcoin’s resilience.
The Bigger Picture: Beyond Bitcoin
Kiyosaki isn’t solely focused on Bitcoin’s price fluctuations. He’s critical of the US government’s debt and the Federal Reserve’s policies, viewing them as a greater risk than Bitcoin’s volatility. He considers Bitcoin, alongside gold and silver, as a hedge against potential financial crises. He warns against holding large amounts of cash.
Navigating Market Volatility
Despite Bitcoin’s recent price swings between $112,000 and $113,000, Kiyosaki encourages investors to remain calm and buy during dips. He advises ignoring negative news and focusing on long-term potential. He sees fear in the market as a buying signal.
The Risk Factor
Kiyosaki’s strategy hinges on the “August Curse” prediction. If Bitcoin remains above $90,000 this August, his buying opportunity won’t materialize. His approach involves a significant risk, relying on a specific monthly pattern. Whether or not to follow his lead depends on individual risk tolerance and belief in his prediction.
