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Robert Kiyosaki Doubles Down on Bitcoin If Price Falls Below $90K This August
Robert Kiyosaki, renowned author of Rich Dad Poor Dad and vocal advocate of financial education, recently ignited crypto circles with his bold take on Bitcoin’s price outlook. Amid swirling bearish rumors predicting Bitcoin could fall below the $90,000 mark this August, Kiyosaki expressed optimism rather than fear — even welcoming such a dip.
Kiyosaki’s “Bitcoin Curse” and Market Outlook
In a viral tweet, Kiyosaki referred to an ongoing “Bitcoin curse”, highlighting expert predictions about a potential major market correction this month. Bitcoin recently experienced a sharp 5.26% price drop, bottoming at around $112,250 on August 2 before recovering slightly to trade near $114,492 at press time. Despite the volatility, Kiyosaki confidently stated, “If the Bitcoin August Curse hits and Bitcoin crashes, I stand by to 2x my position today.” For him, a drop below $90,000 isn’t a crisis but an opportunity — something that could make many Bitcoin investors wealthier in the long run.
U.S. Debt and Dollar Inflation: The Bigger Picture
Kiyosaki also highlighted the rapidly ballooning U.S. national debt, now exceeding $30 trillion, blaming the Federal Reserve and Treasury for perpetuating dollar inflation through relentless money printing. This macroeconomic backdrop, according to him, strengthens Bitcoin’s role as a hedge — fueling his confidence despite price dips.
Metaplanet’s Massive Bitcoin Purchase
Meanwhile, Japanese crypto firm Metaplanet announced a significant acquisition, buying 463 BTC for approximately $53.7 million, averaging about $115,895 per coin. CEO Simon Gerovich revealed this purchase as part of their ongoing strategy, boosting Metaplanet’s holdings to 17,595 BTC — valued near $1.8 billion. The company has also reported a staggering 459.2% year-to-date return, solidifying its status as the fifth-largest Bitcoin treasury globally, trailing only behind industry leaders like Strategy.
As Bitcoin’s price action remains unpredictable, Kiyosaki’s bullish stance and institutional buying like Metaplanet’s underscore the growing conviction around the leading cryptocurrency in a volatile market.
