Robert Kiyosaki predicts that Bitcoin could drop below $90,000 in August, and he will increase his Bitcoin holdings if the price falls.
He believes the main cause is not Bitcoin but the massive debt of the U.S. and the management methods of the Federal Reserve and the Treasury Department. Kiyosaki also shares new insights from investment experts at recent financial education events.
MAIN CONTENT
Bitcoin could drop in price due to the impact of the 'August curse'.
The main cause comes from the U.S. public debt and related financial policies.
Kiyosaki plans to double his Bitcoin holdings when the price drops to take advantage of the investment opportunity.
Why could Bitcoin drop below $90,000 in August?
Robert Kiyosaki, the famous author of 'Rich Dad Poor Dad,' warns on social media about the possibility of Bitcoin dropping below $90,000 due to a phenomenon called the 'August curse.'
This phenomenon often causes significant asset price fluctuations, and August is seen by many investors as a risky period. Kiyosaki views this signal as an opportunity to strengthen his Bitcoin portfolio.
Why do U.S. public debt and the Fed's policies negatively impact Bitcoin?
Kiyosaki emphasizes that the problem lies not in Bitcoin but in the U.S. financial system with its trillions of dollars in public debt. The management of debt and currency by the Federal Reserve and the Treasury Department creates pressure on the cryptocurrency market.
Large public debt can cause monetary instability and lead investors to react strongly to financial policy developments. This results in volatility in the cryptocurrency market, including Bitcoin.
Bitcoin is not the issue; rather, how the U.S. handles public debt is the major challenge for the cryptocurrency market.
Robert Kiyosaki, author of 'Rich Dad Poor Dad', August 2023
What does Robert Kiyosaki learn from financial education events and how does it affect his Bitcoin forecast?
Recently, Kiyosaki has participated in many financial education events, engaging with investment experts to better understand future trends.
From these events, he sees the potential for investors to become wealthier even if Bitcoin declines, thanks to the ability to anticipate fluctuations and seize market opportunities.
What will Robert Kiyosaki do when Bitcoin drops in price?
Based on the forecast that Bitcoin could drop significantly, Kiyosaki is committed to doubling his Bitcoin holdings to leverage the downward trend as an investment opportunity.
This strategy reflects his long-standing experience in risk management and leveraging price volatility in the broader financial market.
Frequently Asked Questions
What factors could cause Bitcoin to drop significantly?
Mostly due to macroeconomic factors like U.S. public debt management and monetary policy causing significant volatility in the cryptocurrency market.
How does the August curse affect Bitcoin?
August often sees significant volatility, causing Bitcoin prices to potentially drop sharply due to cautious market sentiment and critical financial events.
What plans does Robert Kiyosaki have when Bitcoin drops?
He plans to buy more Bitcoin, doubling his holdings to take advantage of the lower price during this difficult period.
How does Kiyosaki's learning from financial experts help investors?
Helps identify market trends, manage risks, and seize profit opportunities even when prices drop.
Why is U.S. public debt an important issue for the cryptocurrency market?
Large public debt puts pressure on currency and financial policies, increasing the risk of price volatility for digital assets like Bitcoin.
Source: https://tintucbitcoin.com/bitcoin-co-the-ve-duoi-90-000-usd/
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