Rich Dad Poor Dad bestselling author Robert Kiyosaki has revealed why he is buying more Bitcoin. He warned of Securities and Exchange Commission (SEC) regulations:crush” Most other cryptocurrencies.
Robert Kiyosaki Buys More Bitcoin, Warns Against SEC Regulations Crushing Crypto Tokens
Rich Dad Poor Dad author Robert Kiyosaki reveals the main reasons to invest in Bitcoin. A well-known author warned that the Securities and Exchange Commission (SEC) would “crush” most other crypto tokens with its regulations.
Rich Dad Poor Dad is a book co-authored by Robert Kiyosaki and Sharon Lecter and published in 1997. He has been on the New York Times bestseller list for over six years. This book has sold over 32 million copies in over 51 languages and his 109+ countries.
Robert Kiyosaki announced on Twitter on Friday that he is investing in Bitcoin. He”very excited“For the idea of investing in Bitcoin, because BTC is a cryptocurrency.It is classified in the same commodity as gold, silver and oil.“The author of Rich Dad Poor Dad adds that the U.S. Securities and Exchange Commission (SEC) classifies Bitcoin as a commodity and most other cryptocurrency tokens are securities, warning:SEC regulations crush most of them.“He ended his tweet by stating that he is buying more Bitcoin.
Q: Are you investing in Bitcoin?
A: Yes. I am very excited about Bitcoin. why? Because Bitcoin is classified as a commodity just like gold, silver and oil. Most crypto tokens are classified as securities and SEC regulations crush most of them. I am buying more BC– therealkiyosaki (@theRealKiyosaki) December 31, 2022
SEC Chairman Gary Gensler has repeatedly stated that Bitcoin is a commodity and most other cryptocurrencies are securities. Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam also confirmed that Bitcoin is a commodity.
The securities regulator said in November that its enforcement arm remains crypto-focused.The SEC has been heavily criticized for taking a law-enforcement-centric approach to regulating the cryptocurrency industry. rice field. Gary Gensler said in May that many crypto tokens will fail following the terra/luna collapse.
Robert Kiyosaki has advised investors to buy gold, silver and bitcoin. Robert Kiyosaki has previously stated that he is a Bitcoin investor rather than a trader, so he is excited that Bitcoin will be a safe bet.
Earlier this month, he announced that the Federal Reserve would turn around and create trillions of “falsedollar. After the collapse of crypto exchange FTX, Robert Kiyosaki said he was still optimistic about Bitcoin, stressing that the cryptocurrency cannot be blamed for the collapse of FTX. He urged investors to invest in cryptocurrencies now before a market crash occurs.
Robert Kiyosaki also made other dire predictions such as the collapse of the US dollar, the destruction of the US economy by the Fed by raising interest rates, hyperinflation, the Great Depression, and World War III.