Robert Kiyosaki Predicts Bitcoin About To Enter ‘Banana Zone’

Rich Dad Poor Dad author Robert Kiyosaki has shared his predictions about Bitcoin’s current trajectory after hitting an all-time high. According to Kiyosaki, Bitcoin might be approaching what economist Raoul Pal refers to as the “Banana Zone,” which will likely attract a surge of FOMO-driven investors, potentially leading to market volatility.

Robert Kiyosaki Breaks Silence on Bitcoin Trend

Robert Kiyosaki has a long history of supporting Bitcoin, having made his first purchase when Bitcoin was priced around $6,000. Despite initially feeling the asset was expensive at the time, he later expressed regret for not acquiring more. Kiyosaki’s recent post emphasized his confidence in Bitcoin, even as its price surged past $118,000.

He disclosed that his most recent purchase of Bitcoin occurred at the $110,000 level, aligning with his broader strategy of buying during key market phases rather than reacting impulsively to price movements.

“I am now in position for what Raoul Pal calls ‘the Banana Zone,’” Kiyosaki wrote in his X post. This notes he is positioning himself to benefit from potential rally as the market progresses through this phase especially with his prediction of BTC price hitting $1M. Kiyosaki has described himself as a “fat pig” in comparison to “the hogs”—those who buy Bitcoin hastily due to fear of missing out (FOMO).

What the ‘Banana Zone’ Means for Bitcoin Investors

Economist Raoul Pal who is cited by Kiyosaki introduced the term Banana Zone to define a time when a market is experiencing too much euphoria and FOMO is fuelling a rapid surge of speculators entering a market.

Kiyosaki says that, similar to the previous price surge, this phase of euphoria might only trigger a short-term price increase yet will also promise to pose serious risks, as plenty of new investors will enter the sphere with little understanding of riskiness of cryptocurrency trading.

According to Kiyosaki, this stampede of buyers with FOMO has the potential of instating high levels of instability in a market. These investors will ultimately panic as prices continue to shoot up leading to a so called slaughtering of those who bought them at such high prices.

Kiyosaki warns that these temporary market shifts have the potential to generate profits in case an individual is patient enough, but at the same time, it might draw serious losses to those who get lost in a hype.

Kiyosaki Strategy on BTC Accumulation Strategy

Kiyosaki’s approach to Bitcoin revolves around holding his investment through periods of market volatility. He also pointed out that the actual success in the cryptocurrency market is not doing sale but buying at the appropriate time. He feels that purchasing in the market volatility, when the asset is on sale, offers the best strategic position long-term gains.

The strategy that Kiyosaki suggests is the exact opposite of such FOMO investors, who are inclined to make emotional decisions that pertain to finding the right investment after short-term market fluctuations.

Last week, he suggested that the coming BTC market downturn might offer buying opportunities, particularly for those who, like him, are not rushed by the current bullish trend. Kiyosaki also cautioned that such buying opportunities could emerge after the “slaughter” of less experienced investors during the inevitable market corrections.

Meanwhile, as BTC price continues to break new ATHs two days in a row, many analysts are predicting that Bitcoin’s next key resistance level could be around $124,000.