Robert Kiyosaki’s Bold Bitcoin Bet: Why He’s Rooting for a Drop to $90K This August

Finance guru Robert Kiyosaki just dropped a bombshell—he’s *hoping* Bitcoin crashes to $90K. Here’s the twisted logic behind his contrarian play.

The ‘Rich Dad’ Paradox

While retail traders panic-sell, Kiyosaki sees blood in the streets as an opportunity. His playbook? Buy when there’s fear—even if it means rooting for temporary pain.

Wall Street’s Worst-Kept Secret

Turns out the $90K target isn’t random—it’s the ultimate ‘discount’ level before institutions gobble up BTC like BlackRock buys bankrupt companies. Cue the cynical realization: the rich really *do* play by different rules.

The Punchline

Whether this is genius or gambling depends entirely on whether you’re holding bags or briefcases of cash. Meanwhile, Bitcoin keeps laughing at everyone’s price predictions.

What Could Trigger BTC Dump?

According to on-chain data from the blockchain analytics platform CoinGlass, bitcoin has recorded severe price declines in most Augusts since 2014. For instance, the leading cryptocurrency lost over 13% of its value in August 2022. It also experienced an 11.29% price drop in August 2023. Although last year’s price decrease was less than the earlier years, the cryptocurrency saw an 8.6% price decrease.

Tagging this historical price decline as the “Bitcoin August Curse,” Kiyosaki explained that he is ready to bolster his BTC stash by 2x if the historical price decline occurs.

Highlighting what could trigger the dump this month, the renowned author pointed to the United States government.

“The problem is not Bitcoin. The real problem is our multi trillion dollar debt and incompetent PhDs running “the SWAMP” the Fed and our Treasury,” he said.

According to Kiyosaki, the government has minimal knowledge about Bitcoin and the broader crypto industry. As a result, their decisions, which affect the U.S. financial market, can have a Ripple effect on digital assets like BTC.

Ending his tweet on a good note, Kiyosaki stated that bitcoin’s sudden drop to as low as $90,000 will make those who invest in the cryptocurrency richer.

BTC Trades Around $114K

On July 14th, BTC recorded a new all-time high (ATH) above $123,000. This price pump was fueled by various events, such as the steady BTC treasury strategy implemented by public companies.

Since then, however, the leading cryptocurrency has dropped substantially as it dipped below $112,000 during the weekend. Although it has recovered some ground, it’s still more than 6% away from its peak value, with a current valuation of $114,500.