Robert Kiyosaki, author of the financial literacy book 'Rich Dad Poor Dad', shared his thoughts on the potential drop in Bitcoin's price this August.
Kiyosaki on the 'Bitcoin Curse'
In his tweet, Kiyosaki referenced the 'Bitcoin curse', explaining that many experts expect a significant market downturn. Earlier this month, Bitcoin fell by 5.26%, reaching a low of $112,250.
Future of Bitcoin and Kiyosaki's Perspective
Kiyosaki noted that even if Bitcoin falls below $90,000, he would view it positively. He stated, 'If the August Curse hits and Bitcoin crashes, I would double my position.' He also mentioned the rising U.S. debt, which now exceeds $30 trillion.
Metaplanet's Bitcoin Acquisition
The Japanese company Metaplanet announced a purchase of 463 BTC for about $53.7 million. CEO Simon Gerovich mentioned that this brings the company's total holdings to 17,595 BTC, valued at nearly $1.8 billion.
Robert Kiyosaki continues to discuss the prospects of Bitcoin, highlighting the importance of financial education and critically assessing the current economic situation.