{"id":59089,"date":"2025-08-05T02:19:08","date_gmt":"2025-08-05T02:19:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/59089\/"},"modified":"2025-08-05T02:19:08","modified_gmt":"2025-08-05T02:19:08","slug":"rich-dad-poor-dad-author-says-he-is-hoping-for-a-market-crash-in-august","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/59089\/","title":{"rendered":"‘Rich Dad Poor Dad’ author says he is hoping for a market crash in August"},"content":{"rendered":"\n

‘Rich Dad Poor Dad’ author says he is hoping for a market crash in August<\/a> originally appeared on TheStreet<\/a>.<\/p>\n

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\u00a0Bitcoin<\/a>.<\/p>\n

Now, the author is almost wishing for Bitcoin to crash in August.<\/p>\n

On Aug. 4,\u00a0Kiyosaki wrote<\/a> about the “BITCOIN CURSE”\u00a0on X, speculating if Bitcoin will crash below $90,000 in August.<\/p>\n

“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.<\/p>\n

Bitcoin, which hit an all-time high (ATH) of\u00a0$123,091.61 only last month, has seen a correction of more than 3.5% over the last seven days.<\/p>\n

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,\u00a0Kiyosaki\u00a0said.<\/p>\n

Join the discussion with Scott Melker on Roundtable here.<\/a><\/p>\n

Kiyosaki’s frustration is understandable, given the Fed refused<\/a> 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\u00a04.25%-4.5% has kept a large number of traders from flooding the crypto market with funds.<\/p>\n

Besides, President Donald Trump announcing new tariff rates<\/a>\u00a0on July 31 had the crypto market tumbling further.<\/p>\n

“The Bitcoin August Curse will Make most Bitcoin investors richer,”\u00a0Kiyosaki believes.<\/p>\n

Bitcoin was trading at\u00a0$114,213.61 at the time of writing, 7% lower than its record high and 25% higher than\u00a0Kiyosaki’s\u00a0projected price of $90,000.<\/p>\n

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

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

This story was originally reported by TheStreet<\/a> on Aug 4, 2025, where it first appeared.<\/p>\n","protected":false},"excerpt":{"rendered":"‘Rich Dad Poor Dad’ author says he is hoping for a market crash in August originally appeared on…\n","protected":false},"author":2,"featured_media":59090,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101,44402,35365,35364],"class_list":{"0":"post-59089","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-market-crash","11":"tag-rich-dad-poor-dad","12":"tag-robert-kiyosaki"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/59089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=59089"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/59089\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/59090"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=59089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=59089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=59089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}