Robert Kiyosakiโs August Strategy
August has historically been a tough month for Bitcoin (BTC), often bringing notable price declines despite strong prior trends. In a recent post on X, Robert Kiyosaki highlighted the possibility of Bitcoin dropping below $90,000 from its current level of around $114,000.
โIf the August Curse of Bitcoin happens and the price plummets, I am ready to double my current position,โ Kiyosaki stated.
Historical August Performance
Data from CryptoRank shows that Bitcoinโs average return in August has been a decline of 7.87%. Notable drops occurred in 2011, 2014, and 2015. Even in relatively stable years such as 2022 and 2023, declines of 14% and 11.2% were recorded.
Recent Market Signals
The month started with weakness in the crypto market. On August 1, Bitcoin fell below $113,000 following a weak US jobs report, triggering $726 million in liquidations โ with long positions taking the biggest hit.
Opportunity in the Dip
While the forecast suggests a possible downturn, Kiyosaki views this as an opportunity. A significant pullback could provide attractive entry points for investors looking to accumulate more BTC at lower prices.
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