The acclaimed author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has now shed a light on why he is investing in bitcoins. He is aware that Securities Exchange Commission (SEC) regulations will “squash” most other cryptocurrencies.
Robert Kiyosaki Strengthens Bitcoin Position, Warns Of SEC Regulations Squeezing Crypto Tokens
Rich Dad Poor Dad author Robert Kiyosaki He has now revealed why he has been investing in bitcoin. The Noted author alerted that Securities Exchange Commission (SEC) “squash” Most crypto tokens must obey the regulations.
Rich Dad Poor Dad A 1997 book co-authored by Kiyosaki Sharon Lechter. It It has been on the New York Times Best Seller List for over six years In excess of 32 million copies of the book have been sold in over 51 languages in more than 109 countries.
Kiyosaki Tweeted on Friday He has been investing in Bitcoin. He He explained that he is “very enthusiastic” BTC is a cryptocurrency “is classified as a commodity like gold, silver and oil.” The Rich Dad Poor Dad The author also stated that the US Securities Exchange Commission The SEC has declared bitcoin a commodity while a majority of crypto tokens are securities. “SEC regulations will squash most of them.” He His tweet ended with the statement that he was buying more bitcoins.
SEC Chairman Gary Gensler He has frequently stated that bitcoin is a product, while numerous other crypto tokens are securities. Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam It has been verified by the Federal Reserve that bitcoin is a commodity.
The Indicated by the securities regulator November It is Compliance Division The cryptocurrency market remains the main focus. The The enforcement-centric stance of the SEC to regulating cryptocurrency has been widely criticised. Gensler In May Many crypto tokens could fail after the terra/luna fall.
The Author of Rich Dad Poor Dad For a long time, he has encouraged investors to invest in gold, silver and bitcoin. Kiyosaki He stated previously that he is not a trader but a bitcoin investor. That is why he likes it when BTC hits a new low.
Earlier He forecast that bitcoin investors will be rich in the next month. Federal Reserve Prints and spins “fake” Trillions of dollars. Following The collapse of cryptocurrency exchange FTX Kiyosaki He stated that he was still bullish about bitcoin and emphasized that cryptocurrencies are not to blame for FTX’s fall. In SeptemberThe illustrious author, encouraged investors to invest in crypto before the worst happens.
Kiyosaki Other dire predictions were also made, such as the fall of the US dollar and the destruction the US economy by The Federal Reserve With its rate hikes hyperinflation can be a problem. Great DepressionAnd World War III.
What What do you think? Robert Kiyosaki His warning about SEC regulations threatening to squash most cryptocurrencies and his advice to buy more bitcoins Let Please let us know your views in the comments section.
