Robert Kiyosaki, the author of “Rich Dad Poor Dad,” has made headlines with a bold prediction about bitcoin. He warns of an “August Curse” that could cause BTC’s price to drop below $90,000. He shared this claim on X. Kiyosaki’s outlook strikes a balance between caution and opportunity, sparking debates in the financial world.
Kiyosaki Makes Another Prediction
The author of “Rich Dad Poor Dad” connects his warning about Bitcoin to larger economic issues, especially the U.S. national debt. He blames the Federal Reserve and Treasury for poor management. He thinks that any drop in Bitcoin’s price is a good chance to buy more, and he plans to increase his investments. Currently, BTC costs $114,519.99. This is down 3.83% from last week but up 21.37% over the last 90 days.
Kiyosaki makes bold predictions about Bitcoin. He believes it can help protect against economic problems. He predicts that BTC could reach $350,000 by August 2024 and $1 million by 2030. Many people doubt his predictions.
Just two weeks ago, the author warned that Bitcoin may face a bubble burst along with a market crash in 2025. Coincidentally, BTC experienced a 4.23% decline last week, falling from $117,990.47 to $113,625.41. This drop was driven by tariff concerns and a broader selloff in the crypto market, despite steady institutional buying and positive ETF inflows. These fluctuations highlight the ongoing volatility and complexities within the market.
Is an August Curse Real?
However, while some users on X agree with him and see a price drop as a chance to buy, others call for caution. The author believes in a notion he called the “Bitcoin August Curse,” suggesting that the leading crypto often drops in August. Coincidentally, since 2014, the digital asset has often fallen in price during August.
Data from CoinGlass shows this trend. In 2021, BTC lost 13.88% of its value, and in 2022, it lost 11.29%. Last year, the decline was smaller at 8.6%. While these drops are notable, there is no strong evidence to suggest a consistent pattern of Bitcoin falling every August.
Kiyosaki’s latest prediction has sparked renewed discussions about Bitcoin’s ups and downs. The crypto community hopes for clearer market signals in the coming weeks, emphasizing a need for a balanced approach that combines optimism with careful analysis when considering Bitcoin’s future.
