Robert Kiyosaki, the renowned author of the best-selling book Rich Dad Poor Dad, has once again stirred the cryptocurrency community with his bold stance on the so-called “Bitcoin August Curse.” He stated that if Bitcoin drops to $90,000 this month, he will double his current position.
What Is the 'Bitcoin August Curse'?
The term refers to a historical pattern where Bitcoin’s price tends to suffer or underperform during August. Factors include low seasonal trading volume, profit-taking after summer rallies, and a self-fulfilling prophecy among traders. Kiyosaki acknowledged the pattern but framed it as an opportunity rather than a threat.
“Bitcoin Curse: Will the ‘Bitcoin August Curse’ crash bitcoin’s price to below $90K? I hope so,” Kiyosaki wrote on social media. He added, “If the Bitcoin August Curse hits and bitcoin crashes, I stand by to 2x my position today. 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. The Bitcoin August Curse will make most bitcoin investors richer.”
Kiyosaki's Investment Philosophy: Buy the Dip Aggressively
The author, whose book has sold millions of copies worldwide, reiterated his long-standing belief in hard assets. He revealed that he has been buying “real gold, silver, and bitcoin, oil and cattle… for years” because he plans to get richer during the coming crash and next Great Depression. “Stock and bond holders will get F***ED,” he warned.
Kiyosaki also praised Bitcoin’s design, calling it “pure genius asset design. No mess, no stress. Just set it and forget it.” He shared a personal anecdote: “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.”
Warning Against Traditional Financial Advisors
Turning to traditional investments, Kiyosaki cautioned that financial planners who claim “bonds are safe” are lying. “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 noted. He believes that the current financial system is fundamentally unstable and that only tangible assets like Bitcoin, gold, and silver can provide true security.
Policy Shifts and the Path Forward
Kiyosaki also highlighted a recent policy development: “Trump allowing retirement accounts to save bitcoin is big news… Are you saving bitcoin?” He sees this as a validation of Bitcoin’s role as a legitimate store of wealth. For Kiyosaki, the combination of Bitcoin, gold, and silver forms a strategic portfolio to survive and thrive amid what he predicts will be an inevitable economic collapse.
As of press time, Bitcoin is trading around $95,000, and market participants are closely watching whether the “August Curse” will materialize. Kiyosaki’s remarks have reignited debates on the merits of alternative assets versus traditional portfolios.