The post Rich Dad Poor Dad Author Backs Bitcoin ‘Banana Zone’ Prediction appeared on BitcoinEthereumNews.com.

Coinspeaker Rich Dad Poor Dad Author Backs Bitcoin ‘Banana Zone’ Prediction Popular author Robert Kiyosaki agrees that Bitcoin (BTC) will soon spike and enter into a phase called the “Banana Zone”. Kiyosaki explained his thoughts in an X post early Wednesday morning, June 26, predicting that Bitcoin will enter the zone, typically described as a period of considerably rising price increase. Kiyosaki Believes Raoul Pal’s Bitcoin Banana Zone Forecast In the post, Kiyosaki was responding to a forecast from former Goldman Sachs hedge fund manager, Raoul Pal, highlighting the Banana Zone for Bitcoin. Pal is credited with creating the term. Kiyosaki explains that he believes the Banana Zone prediction because of Pal’s professional experience. The ‘Rich Dad Poor Dad’ author added that Pal once advised him to buy Bitcoin, beginning his foray into the crypto. Kiyosaki says he purchased 30 BTC at $6,000, which has now grown to $60,000. The author also noted that he has continued buying more Bitcoin monthly. Kiyosaki also predicts that Bitcoin’s rise will make people wish they had bought BTC or bought more than they had. Explaining why Bitcoin is entering The Banana Zone, he wrote: “Simply said: Bitcoin is ‘rules based money’. Government’s fake fiat money is ‘debt based’ money. ‘Rules based money’ makes you richer. Government’s fake ‘debt based’ money makes you poorer. Hang on tight as Bitcoin lifts off into the ‘Banana Zone’.” Pal had expressed views in an interview with Scott Melker on an episode of his “The Wolf of All Streets” podcast. According to him, cryptocurrencies will likely perform better during the last quarter of a presidential election year. He is also bullish on Ether (ETH) and Solana (SOL). Pal said: “The backend quarter of an election year is a true banana zone for all assets. It always is. So…

---

Filed under: News - @ June 26, 2024 4:28 pm