Latest news with #BitcoinAugustCurse
Time of India
6 days ago
- Business
- Time of India
Rich Dad Poor Dad author Robert Kiyosaki reveals the easiest way to become a millionaire, without any mess or stress
Robert Kiyosaki , best known for his bestselling book Rich Dad Poor Dad , believes that becoming a millionaire is now within reach for anyone — thanks to Bitcoin. In a recent post on X (formerly Twitter), Kiyosaki reflected on his own journey to wealth, sharing how he earned his first million through real estate. However, he emphasized that it came at a cost. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program 'I made my first million in real estate. That took hard work, lots of risk, lots of money, lots of time, and many sleepless nights,' he wrote. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like What If Your Neck Is Causing Your Ear Ringing? Tinnitus Experts Undo Now, he claims, there's a much easier path: Bitcoin. — theRealKiyosaki (@theRealKiyosaki) Live Events 'Anyone can become a millionaire. I can't believe how Bitcoin makes becoming rich so easy,' Kiyosaki said, praising the cryptocurrency's simplicity and effectiveness. He described Bitcoin as a 'Pure Genius asset design,' adding that it involves 'no mess, no stress — just set it and forget it.' Kiyosaki also acknowledged the skepticism around such claims. He posed a question that critics often raise: 'If you say it is so easy to become a millionaire with Bitcoin… why are there still so many millions of poor people?' 'Good question,' he replied. 'I wonder that myself.' He credited Bitcoin's anonymous creator, Satoshi Nakamoto , for designing an asset that helped him grow a small investment into millions. 'I didn't realize how brilliantly Satoshi had designed Bitcoin until I studied it a bit, invested a few dollars, set it, forgot it… and it turned into several million dollars. Easiest millions I've ever made. Wishing you the same good fortune,' he wrote. However, Kiyosaki's enthusiasm for Bitcoin comes with a note of caution. Just days earlier, on August 4, he warned of a potential market correction, referencing what he called the 'Bitcoin August Curse.' 'Will the ' Bitcoin August Curse ' crash prices below $90,000? I hope so,' he wrote, noting that such a dip would present a buying opportunity. 'If Bitcoin crashes, I'm ready to double my position. The problem isn't Bitcoin — it's our multi-trillion-dollar debt and the incompetent PhDs running the Fed and Treasury,' he added. Despite the warning, Bitcoin's value has surged over the past year, more than doubling from around $56,000 to $120,000.
Time of India
04-08-2025
- Business
- Time of India
Rich Dad Poor Dad author Robert Kiyosaki says he'll double down on Bitcoin if ‘August Curse' sends it below $90K
Robert Kiyosaki , the author of the personal finance bestseller book Rich Dad Poor Dad, said he would double his Bitcoin holdings if the so-called 'Bitcoin August Curse' pushes the cryptocurrency's price below $90,000, a level it has not tested since early May. 'Will the 'Bitcoin August Curse' crash Bitcoin's price to below $90k? I hope so,' Kiyosaki posted on X (formerly Twitter) on Monday, referring to the historical pattern of weak crypto performance during the month of August. 'If the Bitcoin August Curse hits and Bitcoin crashed, I stand by to 2x my position today.' Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Link to the post: Crypto Tracker TOP COIN SETS Crypto Blue Chip - 5 -4.36% Buy Web3 Tracker -10.38% Buy DeFi Tracker -11.75% Buy NFT & Metaverse Tracker -13.76% Buy AI Tracker -14.48% Buy TOP COINS (₹) XRP 264 ( 5.69% ) Buy Ethereum 311,072 ( 3.29% ) Buy BNB 66,337 ( 1.78% ) Buy Solana 14,290 ( 1.67% ) Buy Bitcoin 10,046,264 ( 1.39% ) Buy Kiyosaki's comments come at a time of heightened uncertainty in the digital asset market. Bitcoin was trading at $114,294 as of 4:51 PM IST Monday, up 0.1% on the day after briefly dipping to $111,800 over the weekend. Ethereum gained 2.6% to $3,533, while altcoins like Cardano, XRP, and Stellar rose as much as 8%. The total global crypto market capitalisation edged up 0.1% to $2.27 trillion, according to CoinMarketCap. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Macro risk, not Bitcoin Kiyosaki attributed any potential downturn in Bitcoin not to flaws in the cryptocurrency itself, but to deeper systemic issues. Live Events 'The problem is not Bitcoin. The real problem is our multi trillion dollar debt and incompetent PhDs running 'the SWAMP' the Fed and our Treasury,' he wrote. He said that the August drop, if it materializes, would ultimately benefit committed investors: 'The Bitcoin August Curse will make most Bitcoin investors richer.' The author also referenced his recent experience attending financial conferences like 'The Collective' and 'Limitless Financial Education Event,' noting the insights he gained from speakers including Larry Lepard, Jim Rickards, and Brent Johnson, whom he described as 'real teachers who practice what they teach… unlike fake school teachers…. who have no idea what they teach.' Bearish sentiment and August seasonality Bitcoin's recent dip below the $112,000 support level marks 'a critical turning point in the cryptocurrency market,' according to research from AInvest. The breach, confirmed by crypto services firm Matrixport, signals 'growing bearish sentiment and intensifying investor caution,' with the potential to trigger automated sell-offs as traders reassess their risk exposure. August has historically been a turbulent month for crypto, due to seasonally low trading volumes and heightened sensitivity to macroeconomic developments. This year, those pressures are compounded by broader risk aversion following tariff salvo by U.S. President Donald Trump, and signs of a cooling U.S. labor market. Policy shifts driven by signs of economic weakness, rather than strength, have put added pressure on risk assets such as cryptocurrencies. As a result, capital is increasingly moving into traditional safe havens like gold and government bonds. Bearish sentiment has continued to build, while institutional participation has declined amid tighter risk mandates, according to AInvest. Despite this, Kiyosaki remains steadfast in his long-term conviction: if a crash materializes, he's buying more. Also read | Rich Dad Poor Dad author Robert Kiyosaki calls Bitcoin priceless at $107,000, says he's still buying
