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'Rich Dad Poor Dad' Author Says He's a 'Fat Pig' Sitting on Bitcoin
The animalistic "pig" metaphor refers to disciplined investors who increase their positions gradually and take reasonable profits
In sharp contrast to this group of investors, metaphoric "hogs" take excessive risks too late and (usually) end up being slaughtered
He will now wait for a major correction to occur before buying more with "fellow pigs" as soon as hots stop "squealing" and blaming Bitcoin for their losses
Entering the "banana zone"
The prominent financial commentator revealed that he had purchased his latest Bitcoin at $110,000. Following the latest buy, Kiyosaki says that he is now in what fellow crypto investor Raoul Pal calls "the banana zone."
Pal previously described "the banana zone" as a phase of a bullish cycle, during which crypto prices accelerate at a rapid pace due to increasing adoption and liquidity
The investor previously predicted that Bitcoin's rally could stretch all the way into 2026.
$250,000 per Bitcoin?
Earlier today, Bitcoin reached a new record peak of $118,667. The leading cryptocurrency is currently changing hands at $117,988, according to CoinGecko data
As reported by U.Today, Kiyosaki previously predicted that the price of Bitcoin could reach $250,000 in 2025. Some other reading pundits, such as Tim Draper, also support such a prediction