Rich Dad Poor Dad author Robert Kiyosaki revealed that he purchased 60 bitcoins at $6,000 each and continues to purchase more bitcoins every month. He explained that cryptocurrency represents “rules-based money,” contrasting it with government fiat money, which he describes as “debt-based.” Kiyosaki pointed out that rules-based money increases wealth, while debt-based money decreases it. “Hold on tight as bitcoin takes off in the ‘Banana Zone,’” he said.
Robert Kiyosaki Buys Bitcoin Every Month
Robert Kiyosaki, the well-known author of “Rich Dad Poor Dad,” has revealed his continued dedication to investing in bitcoin, stating that he increases his holdings in the cryptocurrency on a monthly basis. Rich Dad Poor Dad is a 1997 book written by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. More than 32 million copies of the book have been sold in over 51 languages in over 109 countries.
On Tuesday, Kiyosaki discussed the concept of the “Banana Zone” in relation to bitcoin on social media platform , creating a sine curve and prompting reactions like “I should have bought some” or “I should have bought more,” Kiyosaki explained. “Is the Banana Zone real? Raoul Pal is creating a lot of buzz by talking about Bitcoin hitting the ‘banana patch,’” said the acclaimed author.
He noted that he trusts Pal’s insights because of “his professional experience as a high-ranking executive at Goldman Sachs and because years ago Raoul personally advised me to start investing in bitcoin.” She added:
With his encouragement I bought 30 bitcoins at $6,000. Today those same bitcoins are worth about $60,000… and I’ve continued to buy bitcoins… more and more each month.
Kiyosaki explained: “Simply put: Bitcoin is ‘rules-based money.’ Government fake fiat money is ‘debt-based’ money.” He emphasized: “‘Rules-based money’ makes you richer. Government ‘debt-based’ fake money makes you poorer. Hold tight as Bitcoin takes off into the ‘Banana Zone.'”
The popular author often advocates investing in bitcoin, along with gold and silver. Recently, he expressed frustration with the “lame” excuses he hears when he recommends bitcoin to others. Last week, Kiyosaki noted that bitcoin is currently falling and most people should sell. However, he is waiting to buy more, following the strategy of Berkshire Hathaway CEO Warren Buffett. Kiyosaki sees bitcoin as the easiest path to becoming a millionaire and predicts that BTC will hit $350,000 in August. He consistently urges investors to buy bitcoin before its price explodes, advising them to move away from the U.S. dollar.
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