American entrepreneur and author of “Rich Dad Poor Dad,” Robert Kiyosaki, revealed that, encouraged by former Goldman Sachs executive Raoul Pal, he purchased Bitcoin for the first time when it was worth $6,000.
Kiyosaki stated that his initial purchase of 30 Bitcoins years ago has yielded significant returns, leading him to believe Pal’s prediction that cryptocurrency will soon enter the “banana zone.”
Pal’s Banana Zone Prediction
Last week, Pal discussed the concept of the “banana zone” on cryptocurrency trader Scott Melker’s YouTube channel. For the uninitiated, Pal coined the term “banana zone” to refer to a period of sustained price increase in the financial markets.
Pal believes that despite the recent downturn in digital assets, the banana zone is approaching the cryptocurrency market. During the interview with Melker, Pal predicted that the upward trend may occur towards the end of the year, as digital assets historically tend to rebound in the final quarters of presidential election years.
The former Goldman Sachs executive emphasized that whether assets like BTC, Ethereum (ETH), and Solana (SOL) take weeks or months to break recent all-time highs is not crucial; what matters is that they will accelerate.
Kiyosaki expressed in a tweet that he trusts Pal’s judgment due to his professional experience as a Goldman Sachs executive. Furthermore, Pal advised him to initiate investments in Bitcoin.
“Thanks to his encouragement, I bought 30 Bitcoins at $6,000. Today, the price of these Bitcoins is around $60,000, and I continue to purchase more Bitcoins every month. Thanks to Raoul’s YouTube courses, I understand why Bitcoin is entering the ‘banana zone’,” Kiyosaki said.
Kiyosaki Buying the Dip
Kiyosaki reiterated his warning that Bitcoin is the people’s money or “rule-based money,” while fiat currency is the government’s money or “debt-based money.”
He added, “As Bitcoin enters the ‘banana zone,’ now is the time to act.”
At the same time, Kiyosaki revealed two days ago that he is waiting for a dip to buy Bitcoin. He advised those who fear a market collapse to sell assets and secure their jobs.