Robert Kiyosaki's Desire for Bitcoin to Fall to $90K in August: The Reasons Behind It

Famous author Robert Kiyosaki is among financial experts hoping for Bitcoin to dip below $100,000 in August, with his target being as low as $90,000. Such a decrease is not an unrealistic expectation, given Bitcoin's history of significant price drops every August. Data from the blockchain analytics platform CoinGlass supports this, showing major declines in most Augusts since 2014.

Kiyosaki dubbed this the "Bitcoin August Curse", stating that if it occurs, he plans to double his Bitcoin holdings. He puts the potential drop down to the U.S. government's decisions and lack of understanding about cryptocurrency, which can indirectly affect Bitcoin. Despite the negativity, Kiyosaki believes a sudden fall to $90,000 will benefit Bitcoin investors. Currently, Bitcoin's value is approximately $114,500, over 6% lower than its peak.