Robert Kiyosaki, a strong Bitcoin supporter and entrepreneur, widely known for authoring a classic book on financial education, “Rich Dad, Poor Dad,” addressed his 2.5 million followers with a tweet about Bitcoin’s entry. in the “Banana Zone”.
Robert Kiyosaki, a strong Bitcoin supporter and businessman, widely known for authoring a classic book on financial literacy, “Rich Dad, Poor Dad,” addressed his 2.5 million followers with a tweet about Bitcoin’s entry. in the “Banana Zone”.
In his post, Kiyosaki explains what it means for the world’s flagship cryptocurrency and how renowned investor Raoul Pal turned it into purchasing a large stash of BTC.
Bitcoin reaches the “Banana Zone”
In his tweet, Kiyosaki mentioned cryptocurrency investor and supporter Raoul Pal (a former Goldman Sachs executive), emphasizing that Pal is currently “creating a lot of hype by talking about Bitcoin coming to ‘the Banana Zone.'”
The financial guru also said he’s been getting a lot of questions about what that “Banana Zone” means and whether Pal knows what he’s talking about. Kiyosaki supports Raoul Pal here and says “yes” to the second question. As for the first, he explained what the “Banana Zone” is all about: it means Bitcoin is going parabolic.
Yuri MolchanKiyosaki bought 30 BTC at $6,000
Jokingly, Kiyosaki added that this is when people start regretting not buying Bitcoin when it was affordable to them or not buying enough of it. The author of “Rich Dad, Poor Dad” also stated that he fully trusts Raoul Pal due to his professional experience at the banking giant Goldman Sachs. Kiyosaki revealed that several years ago, it was Pal who convinced him to start investing, and back then he bought 30 BTC when Bitcoin was trading at $6,000.
Now, as Bitcoin changes hands at around $60,000, Kiyosaki continues to accumulate BTC each month. He again made a statement about US dollars being “fake” fiat “debt-based money,” while he referred to Bitcoin as “rules-based money.” Bitcoin makes us richer, he tweeted, while “debt money” makes us poorer.
While he continues to acquire BTC regularly, Kiyosaki believes that this year, BTC will skyrocket to $300,000 due to spot ETFs purchasing more BTC and thanks to the halving that occurred in April.
Now that the largest cryptocurrency is falling, Kiyosaki hopes to buy more BTC, according to his recent tweet. He believes there are tough times ahead for the American economy, and accumulating Bitcoin can save his holdings.
