Robert Kiyosaki, author of the global bestseller Rich Dad Poor Dad, once again expressed strong opinions about Bitcoin, investing, and the current economic situation. He sees the potential downturn this August not as a threat, but as an opportunity to expand positions, aiming for superior long-term profits.

"The August Curse of Bitcoin" – Worry for the Market, Opportunity for Kiyosaki

The concept of the "Bitcoin August Curse" refers to the historical pattern where BTC prices often face downward pressure or underperformance in August. The causes may stem from seasonal low liquidity, profit-taking pressure, and sometimes becoming a "self-fulfilling prophecy" as many investors act based on bearish expectations.

Kiyosaki posed a provocative question:

"Will the August curse cause Bitcoin to drop below $90,000? I hope so."

He emphasized that if this scenario occurs, he would double the amount of Bitcoin he holds. According to Kiyosaki, the real issue is not Bitcoin, but the mountain of trillions of dollars in debt and the operators of the Federal Reserve (Fed) and the U.S. Treasury whom he calls 'incompetent doctors.'

Warning About The Traditional Market

Besides Bitcoin, Kiyosaki also continues to warn about the risks of traditional assets:

  • Bonds: "Financial planners lie when they say bonds are safe. In a market crash, nothing is safe."

  • Commercial real estate: He stated that this market is falling into crisis.

  • Global move: Moody’s has downgraded the credit rating of U.S. bonds, while Asian investors are actively buying gold.

Kiyosaki stated that he has been buying gold, silver, Bitcoin… as well as oil and livestock for many years, aiming to increase his assets during the crisis and the next "Great Depression," when, according to him, stocks and bonds will be "blown away."

Bitcoin – "Genius Design" And The Path To Becoming A Millionaire

Kiyosaki did not hold back in praising Bitcoin, calling it a "genius-designed asset," easy to own, easy to manage, and "no hassle, no stress." He shared a personal experience:

"I just spent a little money, bought Bitcoin, put it away, and forgot about it… Now it has become several million dollars – the easiest millions I have ever made."

He encourages everyone to seize the opportunity, believing that "anyone can become a millionaire" if they persist in holding Bitcoin.

New Policy And Final Message

Kiyosaki particularly welcomed the information that former President Donald Trump allowed Bitcoin to be included in retirement accounts – a move he considers to be "huge news" for long-term investors.

Concluding the message, he stated:

"Have you saved Bitcoin? To me, Bitcoin – along with gold and silver – is the key to survival and prosperity in the upcoming economic crisis."