financial observer Robert Kiyosaki has issued a new warning about a potential «August Bitcoin curse» that will result in a significant drop and buying opportunities.
Kiyosaki does not rule out that the price of BTC will fall below the $90,000 mark and “if the August Bitcoin curse works and Bitcoin collapses, I am ready to double my position.» According to the investor, the main problem is not Bitcoin itself, but the general macroeconomic situation.
The expert pointed to the growing US national debt, which could reach $30 trillion, as the main risk factor.
Kiyosaki blames the situation on the «incompetent PhDs» who run the Federal Reserve and the Treasury Department, whose continuous money printing has weakened the financial system.
In this regard, Kiyosaki expects a strong correction, although from the evening of Sunday, August 4 Bitcoin is trying to recover. After its price hit a weekly low of $112,250, it has since risen 2% to $114,492. At the moment, Bitcoin trading at $114,401, up 0,57% on the day.
Despite the recovery, 24-hour trading volume was down 12,26% to $49,68 billion, indicating a slowdown in activity during the rebound.