‘Rich Dad Poor Dad’ author says he is hoping for a market crash in August

‘Rich Dad Poor Dad’ author says he is hoping for a market crash in August originally appeared on TheStreet.

Robert Kiyosaki, the author of the best-selling book “Rich Dad Poor Dad,” has repeatedly warned his followers of an impending market crash and advised them to invest in assets like gold, silver, and Bitcoin.

Now, the author is almost wishing for Bitcoin to crash in August.

On Aug. 4, Kiyosaki wrote about the “BITCOIN CURSE” on X, speculating if Bitcoin will crash below $90,000 in August.

“I hope so,” he added. If the Bitcoin August Curse hits the crypto market and Bitcoin nosedives, he said he will double his BTC holdings.

Bitcoin, which hit an all-time high (ATH) of $123,091.61 only last month, has seen a correction of more than 3.5% over the last seven days.

It’s not Bitcoin that’s a problem; instead, the real problems are the national debt worth trillions of dollars and “incompetent PhDs” in charge of fiscal bodies like the Federal Reserve and the Treasury Department, Kiyosaki said.

Join the discussion with Scott Melker on Roundtable here.

Kiyosaki’s frustration is understandable, given the Fed refused to lower rates in its last meeting on July 30 and didn’t indicate any potential rate cuts in September. The high interest rate range of 4.25%-4.5% has kept a large number of traders from flooding the crypto market with funds.

Besides, President Donald Trump announcing new tariff rates on July 31 had the crypto market tumbling further.

“The Bitcoin August Curse will Make most Bitcoin investors richer,” Kiyosaki believes.

Bitcoin was trading at $114,213.61 at the time of writing, 7% lower than its record high and 25% higher than Kiyosaki’s projected price of $90,000.

Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing.

‘Rich Dad Poor Dad’ author says he is hoping for a market crash in August first appeared on TheStreet on Aug 4, 2025

This story was originally reported by TheStreet on Aug 4, 2025, where it first appeared.