Bitcoin News Today: Robert Kiyosaki to Double Bitcoin Holdings if Price Falls Below $90,000

Robert Kiyosaki, the author of the personal finance bestseller Rich Dad Poor Dad, has publicly stated he would double his Bitcoin holdings if the price dips below $90,000, a level not seen since early May. In a post on X on July 17, 2025, Kiyosaki expressed hope that the so-called “Bitcoin August Curse”—a historical pattern of weak crypto performance during the month of August—would trigger such a decline. He emphasized that if the market moves in that direction, he is prepared to significantly increase his Bitcoin position [1].

Kiyosaki’s comments come as the broader cryptocurrency market remains in a state of flux. At the time of the post, Bitcoin was trading at $114,294, having recovered slightly from a weekend dip to $111,800. Other major cryptocurrencies also showed mixed performances: Ethereum rose 2.6% to $3,533, while altcoins such as Cardano, XRP, and Stellar saw gains of up to 8%. The global crypto market capitalization stood at $2.27 trillion, up 0.1% [1].

Kiyosaki attributed any potential price correction not to Bitcoin’s inherent value, but to macroeconomic factors such as the U.S. Federal Reserve’s policies and the nation's overall debt situation. He criticized the “incompetent PhDs” managing the U.S. economy and argued that a drop in Bitcoin’s price during August would ultimately create buying opportunities for investors who remain committed to the asset [1].

The so-called “August Curse” has historically influenced Bitcoin’s seasonal performance, with lower trading volumes and increased market caution typically observed during this period. AInvest noted that the recent dip below $112,000—a key support level—signaled a critical turning point in the market and indicated growing bearish sentiment. The firm also highlighted the compounding pressure from macroeconomic uncertainty, including President Donald Trump’s tariff proposals and signs of a cooling U.S. labor market [1].

Kiyosaki, who has been a vocal advocate of Bitcoin as a hedge against inflation and a store of value, remains confident in its long-term potential. His decision to buy more Bitcoin during a potential price decline aligns with a contrarian investment strategy, leveraging historical patterns and market sentiment to identify entry points. This approach reflects a broader debate among investors about the optimal time to increase exposure in the crypto space, especially in the face of macroeconomic headwinds and shifting risk appetites.

Despite the volatility, Kiyosaki’s bullish stance highlights the ongoing interest in Bitcoin among high-profile figures in the financial space. His comments may influence retail investor behavior, particularly given his significant following and reputation as a personal finance educator [1].

Source: [1] The Economic Times - https://economictimes.indiatimes.com/markets/cryptocurrency/crypto-news/rich-dad-poor-dad-author-robert-kiyosaki-says-hell-double-down-on-bitcoin-if-august-curse-sends-it-below-90k/articleshow/123095943.cms