Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
"Rich Dad Poor Dad" author Robert Kiyosaki has shown off his ability to use conceptual metaphors, calling himself a "fat pig" sitting on a sufficient amount of 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.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team