"Rich Dad Poor Dad" author Robert Kiyosaki is warning Bitcoin investors about a potential panic-buying phase driven by the fear of missing out (FOMO) . Kiyosaki, who recently acquired Bitcoin at $110,000, anticipates that the market is entering what analyst Raoul Pal refers to as the "Banana Zone" .
This phase is characterized by a rapid price increase fueled by fear of missing out (FOMO), media hype, and significant institutional interest . Kiyosaki advises investors to be patient and disciplined, distinguishing between strategic "PIG" buyers and impulsive "HOG" buyers . He warns that "HOGs" risk incurring losses by chasing inflated prices, while patient "PIG" buyers benefit by accumulating early .
Kiyosaki pointed out that his buys were at $110,000, indicating conviction that we are long-term bullish, and cautioned against diving into the market at the top for no particular reason . His strategy is to wait for the market to correct, then buy back at a discount .
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 .
Kiyosaki remains one of Bitcoin's most vocal advocates, maintaining that the asset could rally toward a $1 million price target . He believes Bitcoin will outperform traditional assets amid the ongoing devaluation of the U.S. dollar .
The term "banana zone" refers to a phase of the market characterized by rapid, nearly vertical price growth typically limited to high-demand, low-supply assets such as Bitcoin . Kiyosaki expressed a similar sentiment to Pal, stating that the "limited" nature of Bitcoin means that when there is an appetite for the coin, thereby driving up its interest, it faces a ton of upward pressure due to its scarcity .
Kiyosaki advises to stay grounded and advises to focus on education, doing your research, and investing with discipline . In short, while the "banana zone" might look like a golden opportunity, it's also a dangerous trap for the unprepared .