Robert Kiyosaki Backs Raoul Pal\'s \'Banana Zone\' Theory, Predicts Bitcoin Will Enter Parabolic \'Sine Curve\' Surge

World-famousfamousauthor and financialeducator Robert Kiyosaki recently expressed his support for macroguru Raoul Parr’s widely discussed “banana zone” theory

- World-renowned author and financial educator Robert Kiyosaki has recently voiced his support for macro guru Raoul Pal's widely-discussed “Banana Zone” theory, which predicts a significant surge in Bitcoin's BTC/USD value.

• Kiyosaki, best known for his best-selling book “Rich Dad Poor Dad,” expressed his agreement with Pal's prediction during a recent statement on Tuesday.
• Pal had earlier predicted that Bitcoin was preparing for a major breakout into what he termed the 'Banana Zone'.
• Explaining his understanding of the theory, Kiyosaki said that the Banana Zone is formed when Bitcoin lifts up and goes parabolic, creating a sine curve.
• Kiyosaki backed the hypothesis of the former Goldman Sachs executive, saying “Raoul Pal knows what he is talking about."
• The author of the best-selling personal finance book cited Pal's professional experience as a high-ranking executive and their personal interactions as reasons for supporting the theory.
• "Years ago, Raoul personally recommended I begin investing in Bitcoin. 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 revealed.
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• Why It Matters: Earlier, Pal had stated in a YouTube conversation that Bitcoin and other cryptocurrencies usually rally during the fourth quarter of a presidential election year, which he terms the 'Banana Zone'.
• Kiyosaki's endorsement of Pal's theory comes as Bitcoin experiences a significant drop in value. However, he remains bullish on the cryptocurrency, saying he plans to buy more of the asset during the dip.
• But for those who view crashes negatively, his recent advice was to “sell and hang on tight to your job.”
• Price Action: At the last check, Bitcoin was trading at $62,066.33, up 2.52% in the last 24 hours, according to data from BenzingaPro.
• This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

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