Bitcoin News Today: Robert Kiyosaki Predicts Bitcoin Drop to $90K Sees Buying Opportunity

Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has stated that Bitcoin could drop to as low as $90,000 in the coming weeks, a move he views as a strategic opportunity to double his BTC position. Kiyosaki, a long-time advocate of Bitcoin as a tool for financial independence, has expressed confidence in the cryptocurrency’s potential despite short-term volatility. His comments highlight a contrarian approach to the market, where he intends to increase his holdings if prices fall to the predicted level [1].

The so-called “Bitcoin August Curse” is central to Kiyosaki’s outlook. This term refers to a historical trend where Bitcoin’s price tends to decline or underperform during the month of August. While not a guaranteed outcome, Kiyosaki sees this pattern as a potential opportunity rather than a threat. He has explicitly stated, “If the Bitcoin August Curse hits and bitcoin crashed, I stand by to 2x my position today.” This mindset reflects his belief in leveraging market downturns for long-term gains [1].

Kiyosaki’s strategy is rooted in his broader views on economic stability and traditional financial systems. He has criticized the U.S. Federal Reserve and the Treasury for handling the economy poorly, citing the multi-trillion-dollar national debt as a more pressing issue than Bitcoin itself. In his view, the real value of Bitcoin lies in its ability to provide a hedge against systemic economic failures. He emphasized this point by stating that the Bitcoin August Curse could ultimately make most investors richer [1].

The author also warned of risks in traditional investment vehicles, particularly bonds and real estate. He argued that financial planners often mislead investors by portraying bonds as safe assets, when in reality they offer little protection during market crashes. According to Kiyosaki, the commercial real estate market is already showing signs of decline, and he has personally moved toward physical assets like gold, silver, oil, and cattle as part of his diversification strategy [1].

Bitcoin, however, remains central to Kiyosaki’s long-term wealth-building plan. He described it as a “pure genius asset design” that allows investors to build wealth with minimal effort. By investing a small amount, setting it, and forgetting it, he claims he has turned his initial investment into several million dollars. This, he said, is the “easiest millions” he has ever made [1].

Kiyosaki also praised a recent regulatory development that allows retirement accounts to invest in Bitcoin, a move he sees as significant for the future adoption of cryptocurrency. He encouraged others to consider including Bitcoin in their retirement planning, aligning it with gold and silver as key assets for surviving and thriving in the event of an economic downturn [1].

While Kiyosaki’s outlook is optimistic and strategic, it is important to note that the prediction of a $90,000 price drop this month remains speculative. The crypto market is known for its volatility and unpredictable movements. If the price falls below the predicted level, investors may face short-term losses before any potential recovery. Therefore, while Kiyosaki’s approach is informed by historical patterns and his own experience, it is not without risk [1].

Source: [1] Robert Kiyosaki Eyes Bitcoin Crashing to $90K This Month to Double His BTC Position (https://news.bitcoin.com/robert-kiyosaki-eyes-bitcoin-crashing-to-90k-this-month-to-double-his-btc-position/)