Famous author and financial educator Robert Kiyosaki, best known for his Rich Dad Poor Dad book, has warned of a potential August correction in the price of Bitcoin (BTC).
In a post on X, Kiyosaki predicted that Bitcoin could fall as low as $90,000, attributing the drop to what he calls the “Bitcoin August Curse”, a pattern of market reversals that he seems to see occurring in this month.
He framed the potential downturn as a long-term buying opportunity, aligning with his overall philosophy of using Bitcoin as a hedge against what he sees as a collapsing financial system.
Financial Education Events Fuel Kiyosaki’s Bearish Short-Term View
Kiyosaki’s prediction has come from his gleaning of this summer’s high-level financial events, including the “Collective” and the “Limitless Financial Education Event.”
These events came with such luminaries as Larry Lepard, Jim Rickards, and Brent Johnson. At the macroeconomic level, the views of these gentlemen formed the basis of Kiyosaki’s present market philosophy.
He referred to them as “real teachers” who have implemented their strategies in real markets, unlike academic economists, whom he considers to be divorced from reality.
The more these sessions progressed, the more Kiyosaki found himself convinced that deficiencies within the U.S. economy present a higher danger for investors, rather than those within Bitcoin.
HODLing Over Panic: Kiyosaki Reminds Us of Long-Term Plan
Despite predicting a short-term crash, Kiyosaki remains steadfast in his long-term optimism on Bitcoin.
He claimed he would treat any price drop below $90K as a great buying opportunity, and not a moment to exit the market.
He was famous for preaching the “HODL” (Hold On for Dear Life) approach and pleaded with his audience not to sell in panic.
He, instead, pointed fingers at “the SWAMP”, his designation for the Federal Reserve, Treasury, and government policymakers, for having set the stage for economic uncertainty.
Those words reinforce the conviction held by Kiyosaki that Bitcoin is still a safe haven within a landscape terrorized by fiscal recklessness and ever-increasing debt.
Also Read: Robert Kiyosaki Recommends Bitcoin, Gold, Silver for Protection as “Global Debt Bubble Will Burst”
Turning A Crash Into An Opportunity To Build Wealth
Whereas a dip below $90K might scare off other investors, Kiyosaki regards it as an opportunity for wealth transfer, not for wealth destruction.
He believes that individuals who understand macroeconomic phenomena such as fiat currency devaluation, growing government debt, and declining trust in central banks will seize opportunities to purchase more Bitcoin at lower prices.
As Kiyosaki recommends, the so-called “August Curse” would drive redistribution of Bitcoin away from short-term fear-based speculators to long-term value believers who see value beyond the price chart.
His stance encourages strategic vision and patience to peek above short-term volatility to long-term financial transformation.
Also Read: Robert Kiyosaki Urges Bitcoin Purchases, Predicts Rapid Growth As Supply Shrinks
Kiyosaki’s Confidence Follows Personal Investment & Bitcoin Fundamentals
Currently trading at $114,433, Bitcoin is down 3.77% over the past week but up slightly by 0.73% in the past 24 hours, with a robust market cap of over $2.27 trillion.
Just weeks earlier, on July 14th, Bitcoin hit an all-time high of $122,838, propelled by institutional buying and inflows into spot ETFs, particularly BlackRock’s IBIT.
Kiyosaki’s continued optimism is grounded in personal conviction and substantial investment.
He has explained that he purchased his first Bitcoin for $6,000 and continues to purchase even at $107,000. He now owns 76 BTC and aims to own 100 BTC regardless of the price. This strong belief mirrors his belief in Bitcoin as a long-term insurance against fiat collapse and not just a speculative tool.
For Kiyosaki, Bitcoin isn’t merely a trade; it’s a financial lifeboat in what he sees as a sinking economic system. His forecast for an August dip is less a warning of disaster and more a reminder: prepare, accumulate, and hold strong.
Also Read: Robert Kiyosaki Says “America’s Bankrupt” Calls Bitcoin A “Money With Integrity” Amid Market Dip