Although Bitcoin (BTC) has recently corrected significantly below its annual and all-time highs (ATH), renowned investor and author Robert Kiyosaki has expressed optimism about the future of the market.
The author of the bestseller “Rich dad poor dad” highlighted the potential of the leading cryptocurrency to enter the so-called “Banana Zone“. IN publication on X (Twitter) on June 26, Kiyosaki expressed his firm belief that BTC will soon make a parabolic rebound.
The term “Banana Zone” was coined by Raoul Pal, CEO of Real Vision and an expert in macroeconomics, to describe the potential parabolic jump of Bitcoin. Kiyosaki agreed with Pal’s view, noting that the term “creates great excitement“. He emphasized that Pal, with his extensive experience as a senior executive at Goldman Sachs, has deep knowledge.
“Yes, I believe Raul Pal knows what he is talking about. (…) The “Banana Zone” is when Bitcoin goes up… goes parabola… creates a sine curve… when people say “I should have bought some”… or “I should have bought moreKiyosaki wrote.
Bitcoin vs fiat money
Kiyosaki pointed out the main difference between Bitcoin and fiat money:
“Simply put: Bitcoin is ‘rules-based money’. The government’s fake fiat money is “debt-based” money. Rules-based money makes you richer. Fake government money based on “debt” makes you poorer. Hold tight as BTC soars into the “Banana Zone”.
Earlier this month, Raul Pal predicts a substantial spike in the price of Bitcoin and the broader crypto market in the fourth quarter of the US presidential election year.
Although Bitcoin (BTC) has recently corrected significantly below its annual and all-time highs (ATH), renowned investor and author Robert Kiyosaki has expressed optimism about the future of the market.
The author of the bestseller “Rich dad poor dad” highlighted the potential of the leading cryptocurrency to enter the so-called “Banana Zone“. IN publication on X (Twitter) on June 26, Kiyosaki expressed his firm belief that BTC will soon make a parabolic rebound.
The term “Banana Zone” was coined by Raoul Pal, CEO of Real Vision and an expert in macroeconomics, to describe the potential parabolic jump of Bitcoin. Kiyosaki agreed with Pal’s view, noting that the term “creates great excitement“. He emphasized that Pal, with his extensive experience as a senior executive at Goldman Sachs, has deep knowledge.
“Yes, I believe Raul Pal knows what he is talking about. (…) The “Banana Zone” is when Bitcoin goes up… goes parabola… creates a sine curve… when people say “I should have bought some”… or “I should have bought moreKiyosaki wrote.
Bitcoin vs fiat money
Kiyosaki pointed out the main difference between Bitcoin and fiat money:
“Simply put: Bitcoin is ‘rules-based money’. The government’s fake fiat money is “debt-based” money. Rules-based money makes you richer. Fake government money based on “debt” makes you poorer. Hold tight as BTC soars into the “Banana Zone”.
Earlier this month, Raul Pal predicts a substantial spike in the price of Bitcoin and the broader crypto market in the fourth quarter of the US presidential election year.
New Optimism for Bitcoin
Renowned investor and author Robert Kiyosaki, best known for his book “Rich Dad Poor Dad,” has expressed optimism about Bitcoin’s (BTC) future despite its recent downturn. Kiyosaki believes Bitcoin is poised for a significant rebound, potentially entering what Raoul Pal, CEO of Real Vision, terms the “Banana Zone”—a phase characterized by a parabolic price increase. Kiyosaki supports Pal’s expertise, citing Pal’s extensive experience, including his tenure at Goldman Sachs.
Kiyosaki differentiates Bitcoin from fiat money by describing Bitcoin as “rules-based money” in contrast to fiat money, which he labels as “debt-based.” According to Kiyosaki, Bitcoin’s structure could lead to wealth accumulation, whereas fiat money could result in financial loss.
Earlier predictions by Raoul Pal also suggest a major rise in Bitcoin and the broader cryptocurrency market in the fourth quarter of the US presidential election year.