Robert Kiyosaki, author of the international bestseller Rich Dad Poor Dad, has once again stirred the crypto community with his bold take on Bitcoin. He openly stated that if the so-called 'Bitcoin August Curse' drives BTC below $90,000 this month, he will double his current holdings. Rather than fearing a drop, Kiyosaki views it as a rare chance to accumulate more at a discount.
What Is the Bitcoin August Curse?
Kiyosaki wrote on social media: 'Bitcoin Curse: Will the “Bitcoin August Curse” crash bitcoin’s price to below $90K? I hope so.' The 'August Curse' refers to a historical pattern where Bitcoin has often experienced downward pressure or underperformed during August. Potential causes include seasonal low trading volume, profit-taking after earlier rallies, and sometimes a self-fulfilling prophecy when traders anticipate weakness. While the pattern is not guaranteed, Kiyosaki embraces it as an opportunity.
Kiyosaki Warns Against Traditional Assets
The renowned author has long been critical of conventional financial planning. He warned: '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 added that he has been accumulating real gold, silver, and Bitcoin for years, along with oil and cattle, because he plans to get richer during the coming crash and next Great Depression. 'Stock and bond holders will get F***ED,' he bluntly stated.
Kiyosaki attributes the real economic threat to the multi-trillion-dollar debt and incompetent PhDs running 'the SWAMP' (the Fed and the Treasury). In his view, hard assets like Bitcoin are the only reliable store of value when paper currencies inevitably depreciate.
Bitcoin's Genius Design
Kiyosaki repeatedly praised Bitcoin's architecture. '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.' 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.'
Trump Policy Shift and Final Thoughts
Kiyosaki also highlighted a recent policy change: 'Trump allowing retirement accounts to save bitcoin is big news… Are you saving bitcoin?' He believes that alongside gold and silver, Bitcoin remains the key to surviving and thriving in what he expects to be an inevitable economic collapse. His comments have reignited debate: Will the August Curse actually materialize, and if it does, how many investors will follow Kiyosaki's strategy of doubling down?