In the wake of Bitcoin’s recent dip below the $60 mark—a significant drop from its peak values this year and historically—prominent investor and author of the bestseller “Rich Dad, Poor Dad,” Robert Kiyosaki, remains bullish on the digital currency’s prospects. On June 26, through a post on his X account, Kiyosaki hinted that Bitcoin might soon hit what’s been dubbed the ‘Banana Zone,’ a phase of exponential growth.
The ‘Banana Zone’ concept, coined by Raoul Pal, the CEO of Real Vision and an esteemed macroeconomist, refers to a potential explosive surge in Bitcoin’s value. Echoing Pal’s sentiments, Kiyosaki expressed in his post, “I’m convinced Raoul Pal is on the mark. The ‘Banana Zone’ signifies Bitcoin’s skyrocketing phase… its ascent into a parabolic curve… the point where hindsight has people wishing they’d invested more or at least a bit.”
Kiyosaki’s belief in Bitcoin stems from his own investment journey, spurred by Pal’s advice—a former Goldman Sachs executive. Pal’s counsel years back led Kiyosaki to acquire 30 Bitcoins at roughly $6,000 each. With Bitcoin’s current valuation hovering around $60,000, Kiyosaki is steadfast in augmenting his Bitcoin holdings monthly, guided by Pal’s insights shared on YouTube.
The buzz around the ‘Banana Zone’ is palpable, with Raoul Pal stirring excitement about Bitcoin’s potential ascent into this phase.
Q: Is Raoul Pal’s assessment accurate? Q: What exactly is the ‘Banana Zone’? A: I’m confident in Raoul Pal’s expertise. A: The ‘Banana Zone’ is characterized by…
—Robert Kiyosaki (@theRealKiyosaki)
June 25, 2024
Kiyosaki draws a stark contrast between Bitcoin and conventional fiat money, underscoring Bitcoin’s adherence to a rule-based monetary system as opposed to the debt-driven nature of fiat currencies, which he argues, leads to the impoverishment of the populace. His advice is to brace for Bitcoin’s surge into the ‘Banana Zone.’
Pal’s forecasts resonate with Kiyosaki’s optimism, predicting a significant uptick in Bitcoin’s price and the broader cryptocurrency market in the final quarter of the US election year, known for market volatility.
Also noteworthy is the shared timeline for Solana ETF and XRP by Matt Hougan.
At present, Bitcoin—the crypto market’s heavyweight—trades at approximately $61,000, marking a 1% decline for the day.
Disclaimer:
The opinions and viewpoints presented by the author or any individuals mentioned herein are solely for informational purposes and should not be construed as financial, investment, or other forms of advice. Engaging in cryptocurrency investments or trades poses a risk of financial loss.
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