Robert Kiyosaki, author of 'Rich Dad Poor Dad,' says Bitcoin may currently be entering the 'Banana Zone,' a phase defined by Raoul Pal. This phase is characterized by rapid price increases, driven by emotion, fueled by the fear of missing out (FOMO) mentality.

With Bitcoin recently skyrocketing to $118,000 and reaching an all-time high, Kiyosaki warns that the peak of excitement often comes with strong volatility.

Kiyosaki agrees with Pal that the limited supply of Bitcoin could lead to significant price surges when demand spikes, often driven by institutions, media coverage, and the FOMO mentality of retail investors, but it also brings high volatility.

Bitcoin Enters the Banana Zone Driven by FOMO

Before diving into the dynamics, let's understand what the Banana Zone is. This phase, commonly seen in Bitcoin bull markets, is often marked by explosive growth driven by media hype, institutional interest, and the FOMO mentality of retail investors. However, while excitement is high, Kiyosaki still advises caution. He warns that many new investors may be blindly rushing in, chasing quick profits without fully understanding the volatility that comes with such parabolic price increases.

Emotional buying frenzies can easily turn into panic selling, especially if prices correct sharply. Instead of getting swept up in the frenzy, Kiyosaki advises staying calm and focusing on learning, researching, and investing wisely. In summary, while the 'Banana Zone' may seem like a golden opportunity, it is also a dangerous trap for the unprepared.

"I am a FAT PIG with Bitcoin," Kiyosaki said.

Kiyosaki bought Bitcoin very early, around $6,000, and has seen significant profits due to patience and not chasing the hype. He attributes his success to smart investing rather than luck, and continues to support Bitcoin for its limited supply and independence from government.

He still believes that a strong price surge, called the 'Banana Zone,' is approaching. He also revealed his latest Bitcoin purchase at $110,000, positioning himself well for the 'Banana Zone.'

He describes himself as a disciplined 'fat pig,' patiently accumulating during market peaks, in contrast to the 'pigs' who jump in late and get burned. He predicts temporary corrections but remains optimistic, with a long-term target of $250,000 by 2025 and even $1 million by 2030.

Bitcoin Rises as Trust in Fiat Money Dwindles

Many investors are starting to lose faith in traditional currencies (like the dollar or euro), primarily due to governments accumulating excessive debt, and people are concerned about inflation. In this context, Bitcoin is becoming more appealing, like digital gold, due to its limited supply, making it a good way to protect your assets.

But Kiyosaki and other experts believe that this change in mindset is helping Bitcoin accelerate. Major institutions are also showing more interest, which is adding fuel to the fire. Some analysts argue that if the Federal Reserve (Fed) changes its current policy, especially by lowering interest rates, Bitcoin could soar again, potentially reaching five or even six-figure prices. #Write2Earn $BTC