Despite Bitcoin’s recent correction below $60,000, which has taken it significantly below its year-end and all-time highs, renowned investor and best-selling author Robert Kiyosaki is optimistic about the cryptocurrency’s future. In a post on his X account on June 26, Kiyosaki, known for his influential personal finance book “Rich Dad, Poor Dad,” suggested that Bitcoin is about to enter the so-called ‘Banana Zone’ and embark on a parabolic trajectory.

The term ‘Banana Zone’ was popularized by Raoul Pal, CEO of Real Vision and a respected macroeconomist, who uses the expression to describe a possible parabolic rise in the price of Bitcoin. Kiyosaki, sharing Pal’s enthusiasm, said in his post: “Yes, I believe Raoul Pal knows what he is talking about. ‘The Banana Zone’ is when Bitcoin takes off… goes parabolic… creates a sine curve… when people say ‘I should have bought a little’… or ‘I should have bought more’.”

Kiyosaki’s confidence in Bitcoin is also fueled by personal experiences, influenced by recommendations from Pal, a former Goldman Sachs executive. Years ago, Pal advised Kiyosaki to invest in cryptocurrency, which led to a significant purchase of 30 Bitcoins for around $6,000 each. Today, with Bitcoin valued at around US$60,000, Kiyosaki continues to increase his monthly purchases, influenced by Pal’s lessons available on YouTube.

Kiyosaki makes a clear distinction between Bitcoin and traditional fiat currencies, highlighting the ‘rules-based money’ nature of Bitcoin in contrast to the ‘debt-based money’ of fiat currencies, which he says impoverishes citizens. He advises: “Hold on tight as Bitcoin takes off into the ‘Banana Zone’.”

This optimistic scenario is echoed by Raoul Pal in his own predictions, which indicate a sharp rise in the price of Bitcoin and the cryptocurrency market as a whole in the last quarter of the US election year, a traditionally volatile period for markets.

Meanwhile, Bitcoin, the largest cryptocurrency by market capitalization, traded for approximately $61,000, representing a 1% drop on the day.

Disclaimer:

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.

Source: https://portalcripto.com.br/robert-kiyosaki-projeta-ascensao-meteorica-do-bitcoin-com-banana-zone/



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