Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, has once again weighed in on Bitcoin's price action, expressing hope that the so-called “Bitcoin August Curse” will push prices below $90,000 so he can double his holdings. His latest comments come amid a period of market weakness, with Bitcoin trading around $95,000 and showing signs of seasonal pressure.
The Bitcoin August Curse: A Historical Pattern
Kiyosaki highlighted the historical tendency for Bitcoin to underperform in August, often referred to as the “Bitcoin August Curse.” He wrote, “Bitcoin August Curse: Will the curse crash Bitcoin's price to below $90K? I hope so.” The phenomenon is attributed to factors such as seasonal low trading volume, profit-taking, and sometimes becomes a self-fulfilling prophecy. Rather than viewing a potential drop as a threat, Kiyosaki sees it as an opportunity to accumulate more at discounted prices.
According to Kiyosaki, the August curse is not a guaranteed event but an observed trend that could repeat. He emphasizes that the real problem is not Bitcoin itself but the massive national debt and mismanagement by the Federal Reserve and Treasury. “The problem is not Bitcoin. The real problem is our multi-trillion-dollar debt and incompetent PhDs running ‘the SWAMP,’ the Fed, and our Treasury,” he stated. He believes that any August downturn will ultimately enrich Bitcoin investors who stay the course.
Preparing to Double Down
Kiyosaki explicitly stated his plan: “If the Bitcoin August Curse hits and Bitcoin crashed, I stand by to 2x my position today.” He has long been a vocal advocate for hard assets, including gold, silver, and Bitcoin, as hedges against inflation and potential economic collapse. He revealed that he has been accumulating these assets for years, with the goal of profiting from the coming crash and the next Great Depression. “I've been buying real gold, silver, and bitcoin… oil and cattle… for years… Because I plan on getting richer during the coming crash and next Great Depression. Stock and bond holders will get F***ED,” he bluntly warned.
Warning Against Traditional Investments
Kiyosaki also criticized financial advisors who claim bonds are safe. “Financial planners lie when they say ‘bonds are safe.’ There is nothing safe in a market crash. The commercial real estate market is crashing. Moody's downgraded U.S. bonds. Asians buying gold,” he wrote. He argues that the global macroeconomic environment—soaring debt, commercial real estate distress, and credit rating downgrades—renders traditional portfolios vulnerable. He urges investors to pivot toward assets that cannot be printed or devalued by central banks.
Bitcoin's Genius Design and Wealth-Building Potential
Kiyosaki praised Bitcoin's design as “pure genius asset design,” noting that it makes becoming a millionaire easy. He shared his personal experience: “I did not know how brilliantly Satoshi had designed Bitcoin until I did a little study, invested a few dollars… set it… forgot it… and it has grown into several million dollars. Easiest millions I have ever made. Wishing you the same good fortune.” He described Bitcoin as “no mess, no stress,” advocating a simple “set it and forget it” strategy that has worked remarkably well for him.
“Anyone can become a millionaire: I can't believe how Bitcoin makes becoming rich so easy. Bitcoin is pure genius asset design. No mess, no stress. Just set it and forget it,” Kiyosaki emphasized. His rags-to-riches story is meant to inspire ordinary investors to embrace Bitcoin as a long-term wealth-building tool.
Policy Shift: Trump's Move on Retirement Accounts
Finally, Kiyosaki welcomed former President Donald Trump's policy allowing retirement accounts to save Bitcoin. “Trump allowing retirement accounts to save bitcoin is big news… Are you saving bitcoin?” he asked. He views this as a significant step toward mainstream adoption, enabling millions of Americans to allocate a portion of their retirement savings to Bitcoin. In Kiyosaki's worldview, Bitcoin—alongside gold and silver—remains the key to surviving and thriving in what he believes will be an inevitable economic collapse. Whether or not the August curse materializes, Kiyosaki has made his stance clear: he is ready to buy the dip and double down on Bitcoin.