Robert Kiyosaki Says He’s Ready to ‘2x Position’ if ‘Bitcoin August Curse’ Hits

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News on Robert Kiyosaki's statement about a potential "Bitcoin August Curse" and his plan to buy.
  • Kiyosaki eyes Bitcoin dip below $90K as a chance to double his current holdings.
  • U.S. debt, not Bitcoin, is Kiyosaki’s main concern amid market instability.
  • Bitcoin shows recovery signs, holding support near $113,640 despite volume decline.

Financial author Robert Kiyosaki has issued a new warning about a potential “Bitcoin August Curse,” but told his followers he hopes it comes true.

In an X post, the “Rich Dad Poor Dad” author said he would view a significant price drop as a major buying opportunity, sharing insights from recent financial events.

Kiyosaki said he hopes Bitcoin will drop below the $90,000 mark, making it clear he would be a buyer into a major correction. “If the Bitcoin August Curse hits and Bitcoin crashed, I stand by to 2x my position today,” he wrote. According to Kiyosaki, the larger issue is not Bitcoin itself but the broader macroeconomic landscape.


The educator pointed to the rising U.S. national debt, which he cited as standing at $30 trillion, as the primary risk facing the markets.

He blamed what he called “incompetent PhDs” managing the Federal Reserve and the Treasury Department, suggesting that continuous money printing has weakened the financial system. He made it clear that he believes the fault for any crash lies in monetary mismanagement, not in Bitcoin’s fundamentals.

Traders Monitor Key Bitcoin Resistance Levels

While Kiyosaki is looking for a strong correction, recent trading activity shows Bitcoin trying to regain its footing. The price hit a weekly low of $112,250 before recovering by 2% to $114,492. At press time, Bitcoin was trading around $114,401, showing a daily gain of 0.57%.

Source: CoinMarketCap

Despite this recovery, the 24-hour trading volume has dropped by 12.26% to $49.68 billion, suggesting reduced activity during the bounce. Chart data does show a short-term bullish pattern, with higher highs and higher lows forming. Resistance has now formed near $114,750, while support is holding steady around $113,640. 

The price remains below its 4-hour 50-period EMA, a key momentum indicator, which sits at $116,712. A failure to reclaim that level could see the decline extend toward the $110,000 support region.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.


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