The post Hang on tight as Bitcoin lifts off into the ‘Banana Zone’ appeared on BitcoinEthereumNews.com.

Although Bitcoin (BTC) has lately been correcting way below its this year’s and all-time highs (ATH), popular investor and best-selling finance author Robert Kiyosaki has shared a view that the price of the flagship decentralized finance (DeFi) asset would soon begin its meteoric rise. Specifically, the author of the best-selling personal finance book ‘Rich Dad Poor Dad’ discussed the possibility of Bitcoin (BTC) entering the so-called ‘Banana Zone,’ expressing his firm belief that the maiden cryptocurrency will, indeed, go parabolic, in his X post on June 26. What is Bitcoin’s Banana Zone? As it happens, the CEO of Real Vision and a macroeconomy guru, Raoul Pal, coined this term to describe a potential parabolic surge for Bitcoin, and Kiyosaki has agreed with his view, which he noted was “creating a lot of excitement,” and arguing that the macroeconomist knew what he was talking about: “Yes, I believe Raoul PAL knows what he is talking about. (…) ‘The Banana Zone’ is when Bitcoin lifts off… goes parabolic… creates a sine curve… when people say ‘I should have bought some’… or ‘I should have bought more.” Furthermore, the finance educator stressed Pal’s “professional experience as a high ranking executive of Goldman Sachs (NYSE: GS) and because years ago, Raoul personally recommended I begin investing in Bitcoin. Because of his encouragement I bought 30 Bitcoin at $6,000.” Is the Banana Zone real? Raoul Pal is creating a lot of excitement talking about Bitcoin hitting “the Banana Zone.” Q: Does he know what he is talking about? Q: What is the Banana Zone? A: Yes, I believe Raoul PAL knows what he is talking about. A: “The Banana Zone” is… — Robert Kiyosaki (@theRealKiyosaki) June 25, 2024 Bitcoin vs. fiat According to Kiyosaki’s observations, Bitcoin currently stands at around $60,000, but he continues to…

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Filed under: News - @ June 26, 2024 8:24 am