Renowned author of the best-selling Rich Dad, Poor Dad, Robert Kiyosaki reveals why people buy more Bitcoin. He warned that Securities and Exchange Commission (SEC) regulations would “kill” most other cryptocurrencies.
Robert Kiyosaki Buys More Bitcoin, Warns of 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 1997 book co-authored by Kiyosaki and Sharon Lecter. He has been on the New York Times bestseller list for over six years. The book has sold over 32 million copies of his in over 109 countries and in over 51 languages.
Kiyosaki tweeted on Friday that he is investing in Bitcoin.He explained that he was “very excited” Bitcoin Because cryptocurrencies are “classified as commodities in the same way 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 crypto tokens are securities, adding that “SEC regulations are killing most of them.” C’mon,’ he warned. He ended his tweet by stating that he is buying more Bitcoin.
SEC Chairman Gary Gensler We have repeatedly said that Bitcoin is a commodity, Most other crypto tokens are securitiesCommodity Futures Trading Commission (CFTC) Chairman Rostin Behnham also said: Bitcoin is a commodity.
Securities regulator said in November that its enforcement arm would remain focus on crypto. The SEC Enforcement-centric approach To regulate the crypto sector. Gensler said in May following the fall of Terra/Luna: many crypto tokens fail.
Earlier this month, he predicted: Bitcoin Investors Get Richer When the Federal Reserve pivots and prints trillions of “fake” dollars.After the collapse of the virtual currency exchange FTX, Mr. Kiyosaki still bullish on bitcoin, emphasizing that crypto cannot be blamed for the FTX meltdown. In September, the famous author became an investor Enter Crypto Nowbefore the biggest market crash happened.
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