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Hold tight as Bitcoin enters the ‘banana zone’
Yuri Molchan
Famous investor and entrepreneur Kiyosaki reveals how many Bitcoins he purchased thanks to Raoul Pal
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Robert KiyosakiBitcoin advocate and entrepreneur, widely known for writing a classic book on financial literacy, “Rich Dad Poor Dad,” addressed his 2.5 million followers with a tweet about Bitcoin entering the “Banana Zone” .
In his post, Kiyosaki explains what this means for the world’s most important cryptocurrency and how famous investor Raoul Pal convinced him to buy a large amount of BTC.
Bitcoin reaches the “Banana Zone”
In his tweet, Kiyosaki mentioned cryptocurrency investor and advocate Raoul Pal (former Goldman Sachs executive), noting that Pal is currently “creating a lot of buzz by talking about Bitcoin reaching the ‘banana zone’.”
The financial guru also said he has received many questions about what “Banana Zone” means and whether Pal knows what he is talking about. Kiyosaki supports here Raoul Pal, answering “yes” to the second question. As for the first, he provided an explanation on what the “banana patch” is: it means that Bitcoin is going parabolic.
Kiyosaki purchased 30 BTC at $6,000
Jokingly, Kiyosaki added that this is the time when people start to regret not buying Bitcoin when it was convenient for them or not buying enough of it. The author of “Rich Dad Poor Dad” also stated that he has full confidence in Raoul Pal due to his professional experience at the banking giant Goldman Sachs. Kiyosaki revealed that it was Pal who convinced him to start investing several years ago, and at the time he purchased 30 BTC when Bitcoin was trading at $6,000.
Now, as Bitcoin changes hands at around $60,000, Kiyosaki continues to accumulate BTC every month. He again stated that US dollars are “fake” “debt-based money”, while he called Bitcoin “rules-based money”. Bitcoin makes you richer, he tweeted, while “debt-based money” makes you poorer.
While continuing to acquire BTC regularly, Kiyosaki believes that BTC will skyrocket to $300,000 this year due to spot ETFs buying more BTC and the halving that occurred in April.
Now that the largest cryptocurrency is collapsing, Kiyosaki is waiting to buy more BTC, according to his recent tweet. He believes tough times lie ahead for the US economy and accumulating Bitcoin could save his holdings.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and cryptocurrencies since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in the future in many aspects of it. He has written for several crypto media. His articles have been cited by cryptocurrency influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.