Investor and author Robert Kiyosaki discussed his strategy for purchasing Bitcoin in the event of a market downturn in August.
Opportunity for Additional Bitcoin Purchases
Kiyosaki is considering doubling down on his Bitcoin investments if the price dips below $90,000. He believes that price fluctuations of cryptocurrency are a reflection of economic pressures in the U.S.
The Myth of the 'August Curse'
Analyzing trends, Kiyosaki highlighted that August has historically been a challenging month for Bitcoin, frequently seeing price drops. The last two years have brought significant losses, attributed to low trading volumes and overall economic uncertainty.
General Economic Context
Kiyosaki links the volatility of the crypto market to the growing U.S. national debt and rising Treasury yields. In his view, alternatives like Bitcoin may become increasingly appealing against this economic backdrop.
Robert Kiyosaki is prepared to leverage price fluctuations as investment opportunities, emphasizing the importance of a long-term vision and strategic approach to investments.
