Robert Kiyosaki, the author of the best-selling book Rich Dad Poor Dad, recently shared his thoughts on what he calls the 'August Curse of Bitcoin.'
In a post on X, Kiyosaki shared: 'THE BITCOIN CURSE: Will the 'August Bitcoin Curse' cause the price of Bitcoin to drop below $90,000? I hope so.' He added that a drop in Bitcoin's price would provide an opportunity to double his investment.
Kiyosaki also shared that he spent the entire summer attending events like The Collective and Limitless Financial Education, where he learned from renowned financial experts like Larry Lepard, Jim Rickards, and Brent Johnson. He praised these experts as 'true teachers' who practice what they teach.
Despite concerns about the possibility of price drops, Kiyosaki made it clear: Bitcoin is not the problem. He added that the real issue lies with the U.S. debt of trillions of dollars and the 'incompetent doctors' running the Federal Reserve and the U.S. Treasury. He believes these leaders are mismanaging the economy and view Bitcoin as a safe haven.
He ended his message by stating that the August Curse could actually help long-term Bitcoin investors become wealthier.
What is the August Curse of Bitcoin?
'The August Bitcoin Curse' refers to a recurring trend where Bitcoin drops or experiences significant corrections in August. This is not a guaranteed phenomenon; many experienced cryptocurrency investors are closely watching the market this month, anticipating sudden price fluctuations.
Historical data also supports this seasonal prediction. Bitcoin experienced extreme volatility last August. The price dropped from a high of $65,587.9 at the beginning of the month to a low of $49,486.9 on August 5, marking a decrease of 8.7%. The average price for the month was $59,913.4, showing a significant difference of over $16,000 between the highest and lowest points.
However, no such sharp decline has occurred in August 2025. At the time of writing, the price of Bitcoin had reached $114,358, down about 7% from its recent all-time high of $123,000 on July 14.
Despite all of this, analysts like Arthur Hayes believe that Bitcoin will soar to $250,000 by the end of 2025. Whether the 'August Curse' will happen again this year remains to be seen, but investors like Kiyosaki are closely monitoring and preparing to buy in as prices drop.
