Rich Dad Poor Dad author Robert Kiyosaki has revealed that he purchased 60 bitcoins at $6,000 each and continues to buy more bitcoin every month. He explained that the crypto represents “rules-based money,” contrasting it with government fiat money, which he describes as “debt-based.” Kiyosaki emphasized that rules-based money increases wealth, while debt-based money diminishes it. “Hang on tight as bitcoin lifts off into the ‘Banana Zone,’” he said.
Robert Kiyosaki Buys Bitcoin Every Month
Robert Kiyosaki, the well-known author of “Rich Dad Poor Dad,” has disclosed his continuous dedication to investing in bitcoin, stating that he increases his holdings of the cryptocurrency on a monthly basis. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
On Tuesday, Kiyosaki discussed the concept of the “Banana Zone” in relation to bitcoin on the social media platform X. This term, coined by former Goldman Sachs executive Raoul Pal, describes a phase where bitcoin’s value skyrockets, creating a sine curve and prompting reactions like “I should have bought some” or “I should have bought more,” Kiyosaki explained. “Is the Banana Zone real? Raoul Pal is creating a lot of excitement talking about bitcoin hitting ‘the Banana Zone,’” the acclaimed author opined.
He noted that he trusts Pal’s insights due to “his professional experience as a high ranking executive of Goldman Sachs and because years ago, Raoul personally recommended I begin investing in bitcoin.” He added:
Because of his encouragement I bought 30 bitcoin at $6,000. Today those same bitcoin are priced at around $60,000 … and I have continued to buy bitcoin … more every month.
Kiyosaki explained: “Simply said: Bitcoin is ‘rules based money.’ Government’s fake fiat money is ‘debt based’ money.” He stressed: “‘Rules based money’ makes you richer. Government fake ‘debt based’ money makes you poorer. Hang on tight as bitcoin lifts off into the ‘Banana Zone.’”
The renowned author frequently advocates for investing in bitcoin, alongside gold and silver. Recently, he expressed frustration over the “lame” excuses he hears when recommending bitcoin to others. Last week, Kiyosaki noted that bitcoin is currently crashing and most people should sell. However, he is waiting to buy more, following the strategy of Berkshire Hathaway CEO Warren Buffett. Kiyosaki views bitcoin as the easiest path to becoming a millionaire and predicts that BTC will reach $350,000 in August. He consistently urges investors to buy bitcoin before its price explodes, advising them to move away from the U.S. dollar.
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