RKiyosaki Hold on Tight When Bitcoin Enters the Banana Zone

Despite being far below this year’s and historical all-time highs (ATH), popular investor and bestselling financial author Robert Kiyosaki believes that the prices of flagship decentralized finance (DeFi) assets will soon start to rise rapidly.
Specifically, the bestselling author of the personal finance book “Rich Dad Poor Dad” discussed the possibility of Bitcoin (BTC) entering the so-called “banana zone” on a June 26th post, expressing his firm belief that the leading cryptocurrency will indeed go parabolic.
What is Bitcoin’s banana zone?
Incidentally, Real Vision’s CEO and macroeconomics mastermind Raoul Pal coined the term to describe Bitcoin’s potential parabolic ascent, and Kiyosaki agreed with his view, noting that it “causes a lot of excitement” and stating that this macroeconomist knows what he’s talking about:
“Yes, I believe Raoul Pal knows what he is talking about. (…) ‘Banana zone’ refers to Bitcoin’s rise…going parabolic…forming sin wave…people say ‘I should buy some’…or ‘I should buy more’.”
Furthermore, this financial educator emphasized Pal’s “professional experience as a senior executive at Goldman Sachs (NYSE: GS), as a few years ago, Raoul personally suggested I start investing in Bitcoin. Because of his encouragement, I bought 30 bitcoins at a price of $6,000 each.”
Bitcoin vs. Fiat Currency
According to Kiyosaki’s observations, Bitcoin is currently around $60,000, but he continues to “buy more each month,” adding that thanks to Pal’s courses on YouTube, he now understands why Bitcoin is entering the “banana zone” and pointing out the main differences between Bitcoin and fiat currency:
“Simply put: Bitcoin is ‘rule-based money.’ The government’s fake fiat is ‘debt-based’ money. ‘Rule-based money’ makes you richer. The government’s fake ‘debt-based’ money makes you poorer. When Bitcoin enters the ‘banana zone,’ seize the time.”
As a reminder, Raoul Pal told professional cryptocurrency trader Scott Melker on a June 20th episode of the Melker podcast that he predicted a substantial rise in Bitcoin prices and the overall cryptocurrency market in the fourth quarter of the U.S. presidential election year earlier this month. He said:
“The last quarter of an election year is the real banana zone for all assets. It always has been. So you know, the likelihood of things completely breaking down by the fall is very, very high.”
Recently, Kiyosaki shared his Bitcoin trading strategy, which involves buying when most people are selling, then holding indefinitely, mimicking Warren Buffet’s “buy and hold forever” method, and focusing on “building new assets,” as reported by Finbold on June 25th.
Meanwhile, as of the time of writing, the largest asset in the cryptocurrency industry traded at $61,706, rising 1.53% that day, reversing this week’s 5.55% decline and a cumulative decline of 10.09% over the past month.
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