Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee and watch the charts as something’s brewing in the Bitcoin (BTC) market. As August rolls in, whispers of a so-called curse resurface, stirring debate among crypto veterans, investors, and analysts. Some fear it. Others, like Robert Kiyosaki, are hoping for it.
Crypto News of the Day: Robert Kiyosaki Embraces the ‘Bitcoin August Curse’
Best known for Rich Dad Poor Dad, Robert Kiyosaki issued a provocative warning about the Bitcoin August Curse. He suggests that a sharp price drop this month may be desirable.
“Will the ‘Bitcoin August Curse’ crash Bitcoin’s price to below $90k? I hope so,” Kiyosaki wrote on X.
He framed the potential crash as a golden opportunity to double down on his BTC position. Rather than viewing volatility as a threat, Kiyosaki emphasized that Bitcoin’s long-term value lies in its contrast to fiat systems managed by what he called “incompetent PhDs” in the Fed and Treasury.
“The problem is not Bitcoin. The real problem is our multi-trillion-dollar debt and incompetent PhDs running ‘the SWAMP,’” he said.
Kiyosaki’s comments follow a summer of educational events, including The Collective and Limitless Financial Education Summit. He reportedly learned from financial thinkers like Jim Rickards, Brent Johnson, and Larry Lepard.
Notably, these sleuths are all vocal critics of fiat currency and proponents of hard assets like gold and Bitcoin.
According to Kiyosaki, the so-called curse could serve as a “stress test,” inadvertently separating tourists from settlers in crypto.
“The Bitcoin August Curse will make most Bitcoin investors richer,” he concluded.
Analysts See Bitcoin Crash as Catalyst, Not Catastrophe
Kiyosaki’s take sparked debate, with investors saying that a price crash is not a failure, but a filter.
“Most people fear the ‘Bitcoin August Curse’ because they don’t understand the real game… Crashes are a gift. But only if you know what you hold,” one user remarked.
Meanwhile, analysts are also weighing in. Quinten Francois noted that while retail investors panic-sell, long-term holders who “only buy and never sell” accumulate more BTC.
Meanwhile, another analyst observed an emerging pattern similar to the one that led to Friday’s short squeeze from $112,000 to $115,000.
This narrative of Bitcoin volatility as financial warfare rather than failure has become increasingly dominant among hardened crypto believers.
Kiyosaki and others argue that the real risk lies not in BTC’s price action, but in the slow erosion of value through inflation and monetary policy missteps.
As Bitcoin hovers around key levels in early August, the debate intensifies. Is the August Curse a setback, or the final shakeout before a new leg higher?
The game plan for Kiyosaki is clear, and the investor welcomes it with open arms and a full wallet.
This aligns with his recent stance, which was reported in a previous US Crypto News publication. As BeInCrypto reported, Kiyosaki urged investors to buy Bitcoin, dismissing ETFs (exchange-traded funds) as paper guns.
Chart of the Day
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Here’s a summary of more US crypto news to follow today:
- Crypto inflows reverse to $223 million amid FOMC and economic data woes.
- Forget new tokens—Why is Murad Mahmudov betting on older meme coins?
- Bitcoin’s bounce might not be bullish yet; $117,000 is the line it must cross first.
- Here is what crypto whales bought and sold during the weekend.
- HYPE’d up? Analyst claims Paradigm holds $765 million worth of Hyperliquid tokens.
- Lido’s market share hits 3-year low—Is Ethereum’s staking giant losing its grip?
- Four US economic signals that could derail Bitcoin’s recovery this week.
- XRP jumps 5%—Is This the Start of a Comeback or Just a Dead Cat Bounce?
Crypto Equities Pre-Market Overview
| Company | At the Close of August 1 | Pre-Market Overview |
| Strategy (MSTR) | $366.63 | $374.02 (+2.02%) |
| Coinbase Global (COIN) | $314.69 | $320.25 (+1.77%) |
| Galaxy Digital Holdings (GLXY) | $26.88 | $27.64 (+2.83%) |
| MARA Holdings (MARA) | $15.50 | $15.75 (+1.61%) |
| Riot Platforms (RIOT) | $11.03 | $11.34 (+2.81%) |
| Core Scientific (CORZ) | $12.65 | $12.80 (+1.19%) |
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