Crypto:
36638
Bitcoin:
$91.506
% 1.92
BTC Dominance:
%58.6
% 0.05
Market Cap:
$3.11 T
% 1.94
Fear & Greed:
28 / 100
Bitcoin:
$ 91.506
BTC Dominance:
% 58.6
Market Cap:
$3.11 T

Kiyosaki Sees August Bitcoin Drop as Buy Opportunity!

Robert Kiyosaki bitcoin gold silver

Famous author and investor Robert Kiyosaki has made a significant statement that concerns crypto investors. He suggested that Bitcoin might experience a decline in August. However, he doesn’t see this as a crisis, but rather as an opportunity. According to Kiyosaki, this period should be used to accumulate more Bitcoin. 

The so-called “August curse” in the Bitcoin market has historically been associated with price drops. Kiyosaki stated that if such a decline occurs, he plans to double his position. “If BTC crashes, I’ll buy more,” said the investor, drawing attention with his bold strategy. 

Macroeconomic risks are seen as the main cause of this potential pullback in August. According to Kiyosaki, the problem doesn’t lie with Bitcoin, but within the U.S. financial system. The country’s debt, which has surpassed $37 trillion, forms the root of this fragility.

Why August Matters for Bitcoin 

Historically, August has been a tough month for Bitcoin. According to CryptoRank data, the average return in August is negative. For example, Bitcoin dropped by 14% in 2022 and 11.2% in 2023. Similar losses were observed in earlier years as well. This trend makes investors approach August with caution. 

However, not every August ends in losses. In halving years like 2013, 2017, and 2021, Bitcoin recorded double-digit gains in August. So, while the month is statistically risky, it’s not always bearish. 

The crypto market began this August on a sluggish note. Weak U.S. job data released on August 1 triggered sharp selloffs. Bitcoin dropped below $113,000, and roughly $726 million worth of positions were liquidated. 

“Will the ‘Bitcoin August Curse’ crash Bitcoin’s price below $90,000? I hope so.” – Robert Kiyosaki 

Kiyosaki’s Strategy and Message to Investors 

Robert Kiyosaki views this phase as an opportunity. He plans to increase his Bitcoin holdings if a pullback occurs in August. This strategy could also offer a buying window for other investors. His “if BTC crashes, I’ll buy” mindset reflects the sentiment of many large-scale players in the market. 

According to Kiyosaki, Bitcoin’s long-term value remains strong. The real issue lies in America’s financial structure. Therefore, instead of focusing on short-term price movements, investors should keep an eye on the bigger picture. 

While it’s uncertain how Bitcoin will perform this August, historical trends and strategies of influential investors suggest that this month is one to watch closely. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates. 

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