Robet Kiyosaki hopes the Market Will Collapse in August

Robert Kiyosaki, the author of the bestselling book 'Rich Dad Poor Dad', has repeatedly warned his followers about the impending collapse of the market and advised them to invest in assets like gold, silver, and Bitcoin.

Currently, the author almost wishes for Bitcoin to collapse in August. On August 4, Kiyosaki wrote about 'THE BITCOIN CURSE' on X, speculating whether Bitcoin would drop below $90,000 in August.

'I hope so,' he added. If 'the August Bitcoin curse' hits the cryptocurrency market and Bitcoin plummets, he stated that he would double his BTC holdings.

Bitcoin, which reached an all-time high (ATH) of $123,091.61 last month, has seen a correction of over 3.5% in the past week.

According to Kiyosaki, the real issue is not Bitcoin; instead, the real problem lies in the national debt reaching trillions of dollars and the 'incompetent doctors' in charge of financial agencies like the Federal Reserve and the Treasury Department.

Kiyosaki's disappointment is understandable, as the Fed refused to lower interest rates in its latest meeting on July 30 and showed no signs of any rate cuts in September. The high interest rate range of 4.25% to 4.5% has deterred a large number of traders from pouring money into the cryptocurrency market.

Additionally, President Donald Trump's announcement of new tariffs on July 31 has caused the cryptocurrency market to plummet further.

Kiyosaki believes that 'the August Bitcoin curse will make most Bitcoin investors richer.'

Bitcoin was trading at $114,213.61 at the time of writing, down 7% from its all-time high and up 25% from Kiyosaki's projected price of $90,000.

Note: The content above is for informational purposes only and should not be considered financial advice. Please do your own research before investing.