Robert Kiyosaki, author of the book Rich Dad Poor Dad and famous investor, said on social media that Bitcoin (BTC) could fall below $90,000 due to the “August Curse.”
However, Kiyosaki stated that he sees this decline as an opportunity rather than a threat, and announced that he would double his Bitcoin investments in such a scenario.
Kiyosaki explained that Bitcoin's problem is not with itself, but rather with the US's debt, which amounts to trillions of dollars, and how this debt is managed by the FED and the Treasury Department.
The renowned author also discussed the financial education events he's recently attended, stating that he's gained valuable insights into future investment trends from these events. According to Kiyosaki, a potential price drop could lead to significant long-term gains for investors who believe in Bitcoin.
Kiyosaki described the wave of decline in BTC prices during August as the “August Curse” and claimed that this time, August could mean profit for BTC.
*This is not investment advice.
