Bitcoin News Today: Kiyosaki Warns BTC Could Fall Below $90,000 Amid 'August Curse' Volatility

Robert Kiyosaki, author of Rich Dad Poor Dad and a prominent figure in personal finance and investment education, recently shared his perspective on Bitcoin (BTC) price movements following recent volatility. On social media, Kiyosaki warned that BTC could potentially fall below $90,000 due to what he described as the “August Curse”—a recurring pattern of price declines observed in past Augusts [1]. Despite the bearish outlook, he emphasized that such a drop would represent an opportunity rather than a risk, and stated his intention to double his Bitcoin holdings if the price reaches that level [1].

Kiyosaki attributed the broader volatility in the crypto market not to Bitcoin itself, but to the U.S. debt situation, which he described as a systemic issue involving trillions of dollars in national debt. He pointed to the Federal Reserve and the Treasury Department as key players in how this debt is managed and its potential impact on asset prices, including Bitcoin [1]. The investor also shared insights from recent financial education events he attended, where he noted growing awareness and strategic thinking around crypto as a long-term investment vehicle [1].

While Kiyosaki did not provide a specific timeline for his investment plans, his comments reflect a contrarian view that aligns with traditional value-investing principles. He suggested that investors who maintain confidence in Bitcoin’s fundamentals could benefit significantly from buying at a lower price point, especially if the market corrects itself in the coming weeks [1]. Additionally, Kiyosaki reiterated his belief that the recent price action in August might not spell doom for BTC, but could instead set the stage for a rebound, turning what he calls the “curse” into a profit-making opportunity [1].

Separately, another U.S. regulatory body, the Commodity Futures Trading Commission (CFTC), has recently taken steps that signal a more bullish stance toward cryptocurrencies, following the Securities and Exchange Commission’s (SEC) earlier actions [1]. This regulatory development may contribute to a more favorable environment for long-term crypto investors, including Kiyosaki, who have positioned themselves to benefit from potential price dips.

Kiyosaki concluded his statement by cautioning that his remarks should not be interpreted as financial advice. Nonetheless, his public commitment to increasing his Bitcoin exposure amid a potential price decline highlights his continued confidence in the asset class [1].

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Source: [1] Robert Kiyosaki Speaks Out Following Recent Events in Bitcoin: “If the BTC Price Drops to This Level, I Will Double My Investment” (https://coinmarketcap.com/community/articles/6891a15a71856b3a3f16ef57/)