“Will the ‘Bitcoin August Curse’ crash Bitcoin’s price to below $90k? I hope so,” Kiyosaki posted on X (formerly Twitter) on Monday, referring to the historical pattern of weak crypto performance during the month of August. “If the Bitcoin August Curse hits and Bitcoin crashed, I stand by to 2x my position today.”
Link to the post: https://x.com/theRealKiyosaki/status/1952274435282485373
Crypto Tracker
Kiyosaki’s comments come at a time of heightened uncertainty in the digital asset market. Bitcoin was trading at $114,294 as of 4:51 PM IST Monday, up 0.1% on the day after briefly dipping to $111,800 over the weekend. Ethereum gained 2.6% to $3,533, while altcoins like Cardano, XRP, and Stellar rose as much as 8%. The total global crypto market capitalisation edged up 0.1% to $2.27 trillion, according to CoinMarketCap.
Macro risk, not Bitcoin
Kiyosaki attributed any potential downturn in Bitcoin not to flaws in the cryptocurrency itself, but to deeper systemic issues.
“The problem is not Bitcoin. The real problem is our multi trillion dollar debt and incompetent PhDs running ‘the SWAMP’ the Fed and our Treasury,” he wrote. He said that the August drop, if it materializes, would ultimately benefit committed investors: “The Bitcoin August Curse will make most Bitcoin investors richer.”The author also referenced his recent experience attending financial conferences like “The Collective” and “Limitless Financial Education Event,” noting the insights he gained from speakers including Larry Lepard, Jim Rickards, and Brent Johnson, whom he described as “real teachers who practice what they teach… unlike fake school teachers…. who have no idea what they teach.”
Bearish sentiment and August seasonality
Bitcoin’s recent dip below the $112,000 support level marks “a critical turning point in the cryptocurrency market,” according to research from AInvest. The breach, confirmed by crypto services firm Matrixport, signals “growing bearish sentiment and intensifying investor caution,” with the potential to trigger automated sell-offs as traders reassess their risk exposure.
August has historically been a turbulent month for crypto, due to seasonally low trading volumes and heightened sensitivity to macroeconomic developments. This year, those pressures are compounded by broader risk aversion following tariff salvo by U.S. President Donald Trump, and signs of a cooling U.S. labor market.
Policy shifts driven by signs of economic weakness, rather than strength, have put added pressure on risk assets such as cryptocurrencies. As a result, capital is increasingly moving into traditional safe havens like gold and government bonds. Bearish sentiment has continued to build, while institutional participation has declined amid tighter risk mandates, according to AInvest.
Despite this, Kiyosaki remains steadfast in his long-term conviction: if a crash materializes, he’s buying more.
Also read | Rich Dad Poor Dad author Robert Kiyosaki calls Bitcoin priceless at $107,000, says he’s still buying
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)