$BTC

Robert Kiyosaki sees Bitcoin dropping to $90,000 and talks about a "golden opportunity" to buy

Robert Kiyosaki, the author of "Rich Dad Poor Dad," believes that Bitcoin could drop to $90,000 this month, and he calls it a gift to be able to buy more at a lower price. Kiyosaki sees this potential drop as a golden opportunity to expand his holdings, describing Bitcoin as a "purely brilliant asset design" and the easiest way he has ever used to make millions.

In short

Robert Kiyosaki expects that the "August curse of Bitcoin" could push BTC to $90,000, a drop he considers a buying opportunity to double his holdings.

He warns against traditional assets like bonds, advocating instead for gold, silver, Bitcoin, oil, and cattle to weather economic slowdowns.

Kiyosaki claims that Bitcoin has earned him the easiest millions of his life and welcomes policy changes allowing BTC in retirement accounts.

The "August curse of Bitcoin"

In a series of posts this week, Kiyosaki addressed the so-called August curse of Bitcoin, a phenomenon where BTC has historically underperformed in August due to factors like low summer trading volumes and profit-taking.

Will the "August curse of Bitcoin" drop the price of Bitcoin below 90K? I hope so.

Instead of seeing the drop as a setback, he said it would be his signal to "double my position today," adding:

The problem is not Bitcoin. The real problem is our multi-trillion dollar debt and the incompetent PhDs running "the SWAMP," the Fed, and our Treasury. The August curse of Bitcoin will make most Bitcoin investors richer.