Renowned investor and author of the bestseller 'Rich Dad Poor Dad,' Robert Kiyosaki, has warned investors about the danger of Bitcoin being in the so-called 'banana zone.' This term, according to him, describes the period when euphoria and FOMO (fear of missing out) push investors to make emotional and risky decisions. Against the backdrop of Bitcoin's recent price increase to levels above $100,000, Kiyosaki calls for caution, noting that volatility can lead to sharp declines.
Kiyosaki, who previously actively supported Bitcoin, gold, and silver as protection against inflation and financial crises, emphasizes the need for discipline this time. He believes that the current market situation, fueled by speculation, could cause significant losses for unprepared investors. At the same time, he does not dismiss Bitcoin, advising to buy the asset during declines when prices stabilize.
Kiyosaki also links the instability of the cryptocurrency market to broader economic uncertainty, particularly the rising U.S. national debt and inflation. He urges traders to avoid impulsive decisions and focus on a long-term strategy. To this end, he recommends keeping a trading journal and carefully analyzing market conditions. The 'banana zone' is not a reason to panic but a chance for smart investments if acted upon with a cool head.
