Rich Dad Poor Dad Author Warns ‘August Curse’ Could Trigger Deep Bitcoin Crash, Vows to 2x His BTC Position at This Price Level

Author Robert Kiyosaki Warns of Potential Bitcoin Correction in August

Renowned author Robert Kiyosaki, best known for his book Rich Dad Poor Dad, has issued a cautionary statement regarding Bitcoin (BTC) and a possible deep correction in the current month.

On his social media platform of choice, X, Kiyosaki shared with his 2.8 million followers his belief that Bitcoin could see a significant drop below $90,000 in August. He references Bitcoin’s historical trend of underperforming during this month, dubbing it the “August Curse.”

Despite the warning, Kiyosaki also mentions his readiness to make a substantial Bitcoin purchase if the price dips by more than 21%.

“Bitcoin curse: will the Bitcoin ‘August curse’ crash Bitcoin’s price to below $90,000? I hope so. I enjoyed an exciting educational summer attending ‘The Collective’ and ‘Limitless Financial’ education event, learning about what lies ahead with speakers such as Larry Lepard, Jim Rickards and other stock, bond, real estate, gold, silver and Bitcoin geniuses – Rickards, Brent Johnson and many other real teachers who practice what they teach, unlike fake school teachers who have no idea what they teach. If the Bitcoin ‘August curse’ hits and Bitcoin crashed, 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.”

As of the time of writing, Bitcoin is currently trading at $114,973, showing a slight increase for the day.

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Image Credit: Midjourney