The cryptocurrency market continues to intrigue investors with its fluctuations, and the latest discussions revolve around the potential drop of Bitcoin's price to $90,000. Notable author Robert Kiyosaki shares his expectations and analysis.
Expectations of Bitcoin Price Decline
With Bitcoin currently priced around $114,000, some experts anticipate it may drop below $100,000. Robert Kiyosaki, a renowned author and investor, expressed his belief that the price could fall to $90,000 in a recent tweet.
Factors Contributing to the Drop
Kiyosaki links his predictions to significant historical declines in August, labeling this as the 'Bitcoin August Curse.' According to data from CoinGlass, Bitcoin has seen substantial losses in most Augusts since 2014. For instance, in August 2022, the price dipped by over 13%.
Current Market Situation
Currently, Bitcoin is trading around $114,500, after reaching an all-time high of over $123,000 on July 14. Despite recent fluctuations, Kiyosaki remains hopeful that a drop to $90,000 could lead to increased interest and investment in cryptocurrency.
Thus, considering historical data and current market conditions, Robert Kiyosaki's forecasts regarding a potential drop of Bitcoin to $90,000 provoke interest and discussion among investors and cryptocurrency experts.
