Best-selling author Robert Kiyosaki is warning that Bitcoin (BTC) may have a deep correction this month for one main reason.
In a post on the social media platform X, the Rich Dad Poor Dad author tells his 2.8 million followers that Bitcoin may dip below $90,000 this month based on Bitcoin’s historical trend of performing poorly in August – something he refers to as the “August Curse.”
However, Kiyosaki says he will make a massive Bitcoin purchase if its current value declines 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.”
Bitcoin is trading for $114,973 at time of writing, up marginally on the day.
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