Robert Kiyosaki, author of the book “The Rich Power Poor Daddy Father Father,” said on social media that Bitcoin (BTC) could fall below $90,000 due to the “August Curse.”
However, Kiyosaki said he views this decline as an opportunity rather than a threat, and announced that he would double Bitcoin investment in such a scenario.
Kiyosaki explained that the Bitcoin problem was not itself, but rather an explanation of the US debt worth trillions of dollars and how this debt would be managed by the Fed and the Treasury Department.
The well-known author also discussed the financial education events he recently attended, saying that he gained valuable insights from these events into future investment trends. According to Kiyosaki, a potential price drop could lead to significant long-term benefits for investors who believe in Bitcoin.
Kiyosaki described the wave of falling BTC prices during August as the “August Curse,” claiming this time that August could mean BTC benefits.
*This is not investment advice.
