R. Kiyosaki warns Bitcoin ‘FOMO disease’ is coming
Author and investor Robert Kiyosaki has issued a cautionary message to Bitcoin (BTC) investors as the leading cryptocurrency trades at new highs. According to the Rich Dad Poor Dad author, investors should brace for a possible wave of panic buying driven by fear of missing out (FOMO), a trend he believes will result in losses for many, Kiyosaki said in an X post on July 11. Interestingly, Kiyosaki revealed that he recently bought more Bitcoin at $110,000, positioning himself for what he calls the “Banana Zone”, a phase of rapid price surges that typically attracts emotional, late-stage investors. He likened patient buyers to ‘pigs’ who benefit by accumulating early, while warning that impulsive ‘hogs’ risk losses by chasing inflated prices. He expects these latecomers to panic sell during market dips, while disciplined investors will wait to buy the dip. Another RICH DAD LESSON: “PIGs get fat. HOGs get slaughtered.” I state this lesson because I bought my...