Robert Kiyosaki, the author of “Rich Dad Poor Dad,” who has a long-term positive outlook on gold and Bitcoin, expressed on the X platform his anticipation that “the Bitcoin August curse will come true.” Why?
(Background: Rich Dad warns that “ETFs are just wallpaper scams”: owning physical gold, silver, and Bitcoin is the true path to wealth in turbulent times.)
(Context: Rich Dad shouts “the Bitcoin bubble is about to burst”: hurry to escape and I’ll buy when it drops.)
Clearing the Air on the Bitcoin August Curse
As global investors focus on the movements of cryptocurrency and stock markets in August, due to heightened risks of U.S. economic recession, Trump-era tariff pressures, and the Federal Reserve’s future interest rate path, Robert Kiyosaki’s statement on the X platform about looking forward to the “Bitcoin August curse” has stirred discussions within the community.
Kiyosaki, known for his contrarian investment approach, posted today (August 4) on X:
“I hope so. (The Bitcoin August curse) If it really happens, I will double my position today.”
This statement may be difficult for market bulls to accept, but it reveals his intention to capitalize on lower prices through contrarian thinking. He emphasized that discussions with Larry Lepard, Jim Rickards, Brent Johnson, and others have further confirmed his belief that Bitcoin can withstand the risks posed by “trillions of dollars in national debt” and Federal Reserve policy errors. Kiyosaki views the policymakers within the Federal Reserve and the Treasury as “incompetent doctors,” claiming they are the real threat, and believes that short-term market pullbacks will make steadfast believers richer:
Bitcoin Curse: Will the “Bitcoin August Curse” Crash Bitcoin’s Price to Below $90k?
I hope so. I enjoyed an exciting educational summer attending “The Collective” and “Limitless Financial Education Event.” Learning about what lies ahead with speakers such as Larry Lepard, Jim Rickards… and many other true practitioners of what they teach… unlike those clueless fake school teachers.
If the Bitcoin August curse strikes and Bitcoin’s price crashes, I am ready to double my holdings. The problem is not Bitcoin. The real problem is our trillions of dollars in debt and those incompetent doctors running the “swamp” — the Federal Reserve and our Treasury. The Bitcoin August curse will make most Bitcoin investors richer.
Does the August Curse Really Exist?
The “August curse” of Bitcoin stems from observations passed among traders: Bitcoin tends to experience significant volatility in August, and the month often yields negative returns. According to Coinglass data, from 2013 to 2024, Bitcoin only recorded gains in August in 2013, 2017, 2020, and 2021, with the largest increase being 65.32% in 2017 and the smallest being 2.83% in 2020.
In the other years, Bitcoin’s performance in August has been less than satisfactory. However, compared to the four rising years mentioned above, Bitcoin’s declines in August have not been utterly dismal. The largest drop occurred in 2015, with Bitcoin ending August down 18.67%, while the smallest drop was in 2019, with a decrease of 4.6% in August.
It is worth noting that from 2022 to 2024, Bitcoin has seen consecutive declines in August, but the magnitude of these declines has trended downward. As of the time of writing, Bitcoin has temporarily dropped 0.91% since entering August, and it remains to be seen how it will ultimately perform this month.
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