Robert Kiyosaki Warns of Bitcoin August Curse | US Crypto News
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee and watch the charts as something’s brewing in the Bitcoin (BTC) market. As August rolls in, whispers of a so-called curse resurface, stirring debate among crypto veterans, investors, and analysts. Some fear it. Others, like Robert Kiyosaki, are hoping for it.
Crypto News of the Day: Robert Kiyosaki Embraces the ‘Bitcoin August Curse’Best known for Rich Dad Poor Dad, Robert Kiyosaki issued a provocative warning about the Bitcoin August Curse. He suggests that a sharp price drop this month may be desirable.
“Will the ‘Bitcoin August Curse’ crash Bitcoin’s price to below $90k? I hope so,” Kiyosaki wrote on X.
He framed the potential crash as a golden opportunity to double down on his BTC position. Rather than viewing volatility as a threat, Kiyosaki emphasized that Bitcoin’s long-term value lies in its contrast to fiat systems managed by what he called “incompetent PhDs” in the Fed and Treasury.
“The problem is not Bitcoin. The real problem is our multi-trillion-dollar debt and incompetent PhDs running ‘the SWAMP,’” he said.
Kiyosaki’s comments follow a summer of educational events, including The Collective and Limitless Financial Education Summit. He reportedly learned from financial thinkers like Jim Rickards, Brent Johnson, and Larry Lepard.
Notably, these sleuths are all vocal critics of fiat currency and proponents of hard assets like gold and Bitcoin.
According to Kiyosaki, the so-called curse could serve as a “stress test,” inadvertently separating tourists from settlers in crypto.
“The Bitcoin August Curse will make most Bitcoin investors richer,” he concluded.
Analysts See Bitcoin Crash as Catalyst, Not CatastropheKiyosaki’s take sparked debate, with investors saying that a price crash is not a failure, but a filter.
“Most people fear the ‘Bitcoin August Curse’ because they don’t understand the real game… Crashes are a gift. But only if you know what you hold,” one user remarked.
Meanwhile, analysts are also weighing in. Quinten Francois noted that while retail investors panic-sell, long-term holders who “only buy and never sell” accumulate more BTC.
Retail is panic selling this correction
But addresses that only buy and never sell are buying it like crazy 