Robert Kiyosaki, author of “Rich Dad Poor Dad,” stepped back into the Bitcoin market with a bold move. According to his tweet on July 11, he purchased another Bitcoin at $110,000.
Based on reports, he’s betting that today’s price will look cheap if Bitcoin ever hits $1 million. His choice puts him in what analyst Raoul Pal calls the “Banana Zone,” where fear of missing out drives latecomers to buy at the top and then suffer losses.
Bitcoin Betting At High Prices
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Kiyosaki used his “PIGs Get Fat. HOGs Get Slaughtered” rule to explain why he bought at such a high level. He plans to hold until less disciplined investors push prices even higher and then sell when they panic.
He warned that FOMO is like
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