The past week was rather volatile for Bitcoin (BTC) after the U.S. Federal Reserve concluded it wouldn’t change key interest rates on Wednesday, July 30.
However, the cryptocurrency started to recover on Sunday, August 3, and has since seen some minor gains.
Nonetheless, Robert Kiyosaki, an American entrepreneur and financial figure, thinks that Bitcoin is about to take a nosedive this month despite the correction phase.
Namely, in an August 4 post on X, the author of Rich Dad Poor Dad predicted an upcoming “Bitcoin August Curse,” saying that Bitcoin could soon fall below $90,000.
Not only that, but Kiyosaki hopes the leading cryptocurrency will tank, as it would give him the chance to double his position.
“If the Bitcoin August Curse hits and Bitcoin crashed, I stand by to 2x my position today.”
BITCOIN CURSE: Will the “Bitcoin A
— Robert Kiyosaki (@theRealKiyosaki) August 4, 2025
August Curse” crash Bitcoin’s price to below $90k?
I hope so.
I enjoyed an exciting educational summer attending “The Collective” and “Limitless Financial Education Event.” Learning about what lies ahead with speakers such as Larry…
Will Bitcoin crash below $90,000?
At press time, Bitcoin was trading at approximately $114,340, having declined approximately 7% from its mid-July all-time high (ATH) of $123,091 but being up 0.42% in the past 24 hours.
Despite last week’s downturns and Kiyosaki’s warnings, the asset now appears generally bullish.
TradingView analyst MasterAnanda, for instance, noted on August 3 that the pullback is just a natural part of Bitcoin’s typical consolidation pattern, which in the past has often preceded renewed rallies.
The analyst also identified a strong support zone between $110,000 and $100,000, with $100,000 serving as both a psychological and technical floor.
In fact, according to Ananda’s data, if BTC holds above $100,000, the long-term bullish trend remains intact. A weekly or monthly close below that could indicate a shift in sentiment.
Featured image via Shutterstock
