In
an
advisory
to
his
wide
range
of
followers,
Robert
Kiyosaki,
financial
educator,
and
acclaimed
author,
has

urged

investors
to
hold
on
as
Bitcoin
prepares
for
what
he
terms
as
a
trip
into
the
“Banana
Zone.”
This
phrase
refers
to
a
sharp
and
sudden
increase
in
the
price
of
Bitcoin,
which
Kiyosaki
thinks
is
going
to
happen
soon
despite
the
market’s
recent
instability.

The
banana’s
shape
serves
as
the
basis
for
the
simile,
which
represents
the
steep
upward
curve
shown
in
price
charts.
Additionally,
it
is
thought
to
be
a
period
of
high
risk
and
great
profit,
therefore
investors
and
traders
should
exercise
extra
caution
and
a
strategic
approach.

 

Bitcoin
Gears
Up
For
The
Banana
Zone

It
is
worth
noting
that
in
the
context
of
cryptocurrency,
the
term
“Banana
Zone”
describes
a
period
of
quick
growth
and
extreme
market
volatility.
It
is
a
period
frequently
marked
by
sharp
price
jumps
and
a
frenzy
of
trading
activity

Raoul
Pal,
the
Chief
Executive
Officer
(CEO)
of
Real
Vision
and
a
macroeconomic
expert,
invented
the
phrase
to
characterize
a
stage
of
the
cryptocurrency
market
where
it
is
anticipated
that
cryptocurrencies
like
Bitcoin
will
perform
better
and
maybe
see
a
large
increase
in
market
capitalization.

According
to

Robert
Kiyosaki,
Pal
is
currently
generating
quite
a
buzz
in
the
cryptocurrency
community
discussing
Bitcoin
hitting
the
banana
zone,
and
he
is
confident
that
the
CEO
is
knowledgeable
in
this
area.
This
is
because
of
Pal’s
prior
professional
experience
working
as
a
senior
executive
at
Goldman
Sachs.

The
author
further
expressed
his
appreciation
towards
Raoul
Pal’s
YouTube
lessons,
noting
that
these
lessons
have
given
him
a
better
understanding
of
Bitcoin’s
entry
into
the
banana
zone.

Well-known
for
his
support
of
alternative
investing
methods
and
financial
education,
Kiyosaki
has
continuously
defended

 

Bitcoin

as
a
hedge
against
conventional
financial
institutions
and
currency
depreciation. 

Kiyosaki
believes
that
Bitcoin
is
“rules-based
money,”
which
usually
makes
one
wealthier,
while
traditional
fiat
money
is
“debt-based
money”
that
makes
one
poorer.
As
a
result,
he
has
advised
investors
to
hold
on
tight
as

BTC

soars
into
the
banana
zone,
highlighting
that
the
asset
could
be
poised
for
a
significant
surge
in
the
short
term.

Kiyosayi
Wants
To
Increase
His
BTC
Holdings

Robert
Kiyosaki
also
noted
that
Pal
in
the
past
personally
advised
him
to
start
investing
in
Bitcoin,
and
because
of
his
encouragement
the
author
purchased
30
BTC
at
$6,000.

Fast
forward
to
today,
the
crypto
asset
is
currently
valued
at
around
$60,000,
and
Kiyosaki
has
been
buying
additional
BTC
each
month,
demonstrating
his
unwavering
trust
in
the
digital
asset’s
future
trajectory.

Kiyosaki’s
call
to
action
comes
in
light
of
market
instability
and
gloomy
Bitcoin
prices.
Despite
the
recent
price
declines,
Kiyosaki
has

 

underscored

his
determination
to
acquire
more
BTC
in
this
period.

With
BTC
crashing
lately,
the
author
believes
people
would
sell
their
coins
in
order
to
minimize
losses,
which
allows
him
to
purchase
more
of
the
asset.

Featured
image
from
iStock,
chart
from
Tradingview.com

Go to Source
Author: Godspower Owie

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