Kiyosaki: "The August Curse of Bitcoin" Could Push Prices to 90,000 USD – A Golden Opportunity to Double Your Portfolio

robot
Abstract generation in progress

Robert Kiyosaki, the author of the global bestseller Rich Dad Poor Dad, has once again made a strong statement about Bitcoin, investing, and the current economic situation. He views the potential bearish trend this August not as a threat but as an opportunity to expand positions, aiming for superior long term profits. "The August Curse of Bitcoin" – Market Concerns, Opportunities with Kiyosaki The concept of "Bitcoin August Curse" ( refers to the historical pattern where BTC prices often face bearish pressure or underperformance in August. The reasons may stem from low seasonal liquidity, profit-taking pressure, and sometimes becoming a "self-fulfilling prophecy" as many investors act based on bearish expectations. Kiyosaki asks a provocative question: "Will the August curse cause Bitcoin to fall below 90,000 USD? I hope so." He emphasized that if this scenario occurs, he will double the amount of Bitcoin he holds. According to Kiyosaki, the real issue is not with Bitcoin, but with the mountain of debt in the trillions of dollars and the people running the Federal Reserve )Fed( and the U.S. Treasury, whom he refers to as 'incompetent doctors.' Warning About Traditional Market In addition to Bitcoin, Kiyosaki also continues to warn about the risks of traditional assets: Bonds: "Financial planners are lying when they say bonds are safe. In a market crash, nothing is safe." Commercial real estate: He commented 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 cattle for many years, with the goal of increasing his assets during the crisis and the next "Great Depression," when, according to him, stocks and bonds will be "blown away." Bitcoin – "The Genius Design" and the Path to Becoming a Millionaire Kiyosaki has praised Bitcoin, calling it a "genius-designed asset," easy to own, easy to manage, and "no hassle, no stress." He shares his personal experience: "I only put in a little money, bought Bitcoin, left it there and forgot about it... Now it has turned into several million dollars – the easiest millions I've 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 news that former President Donald Trump allows Bitcoin to be included in retirement accounts – a move he considers to be "extremely big news" for long term investors. At the end of the message, he affirmed: "Have you saved Bitcoin yet? For me, Bitcoin – along with gold and silver – is the key to survival and prosperity in the upcoming economic crisis."

BTC-2.37%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
168vip
· 08-10 06:27
Bullshit theory?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)