Millionaire in up to 14 months? Author of 'Rich Dad, Poor Dad' fires: Bitcoin is in the 'banana zone' and about to take off

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Robert Kiyosaki, author of the famous work “Rich Dad, Poor Dad” and a great enthusiast of cryptocurrencies, recently stated that Bitcoin has entered the “banana zone”. In case you don't know, this expression refers to the turning point in the BTC cycle, when crypto is about to experience accelerated appreciation. The statement was made on a social network, echoing statements made by Raoul Pal, former executive at Goldman Sachs and creator of the term “banana zone”. 

In one of the posts made by Raoul Pal, a follower teased: “Raoul, we've been waiting for your banana area for some time, maybe the banana isn't ripe yet?” To which the macroeconomics guru responded, maintaining the provocative tone, with just one image:

For Robert Kiyosaki, the economist “knows what he is talking about”, due to his experience as a high-ranking executive and the good advice he has given in the past.

“Years ago, Raoul personally recommended that I start investing in Bitcoin. Because of your encouragement, I bought 30 bitcoins for US$ 6,000. Today, those same bitcoins cost about US$ 60,000… and I continue to buy bitcoins, more every month.” (Robert Kiyosaki)

The author of the bestseller with more than 40 million copies sold also criticized fiat currencies, such as the real and the dollar, issued by governments.

“Simply stated: Bitcoin is ‘rules-based money’. The government’s fake fiat currency is ‘debt-based’ money. ‘Rules-based money’ makes you richer. The government’s fake ‘debt-based’ money makes you poorer.” (Robert Kiyosaki)

Finally, Kiyosaki also recommended that investors hold tight while Bitcoin takes off into the “banana zone”.