Robert Kiyosaki Buying More Bitcoin — Warns SEC Regulations Will Crush Most Cryptocurrencies

The celebrated writer of the best-selling publication Rich Dad Poor Dad, Robert Kiyosaki, has revealed wherefore helium is buying much bitcoin. He warned that the Securities and Exchange Commission (SEC) regulations volition “crush” astir different cryptocurrencies.

Robert Kiyosaki Buys More Bitcoin, Warns About SEC Regulations Crushing Crypto Tokens

The writer of Rich Dad Poor Dad, Robert Kiyosaki, has revealed the cardinal crushed wherefore helium is investing successful bitcoin. The celebrated writer warned that the Securities and Exchange Commission (SEC) volition “crush” astir different crypto tokens with its regulations.

Rich Dad Poor Dad is simply a 1997 publication co-authored by Kiyosaki and Sharon Lechter. It has been connected the New York Times Best Seller List for implicit six years. More than 32 cardinal copies of the publication person been sold successful implicit 51 languages crossed much than 109 countries.

Kiyosaki tweeted Friday that helium is investing successful bitcoin. He explained that helium is “very excited” astir BTC due to the fact that the cryptocurrency “is classified arsenic a commodity overmuch similar gold, silver, and oil.” The Rich Dad Poor Dad writer added that the U.S. Securities and Exchange Commission (SEC) has classified bitcoin arsenic a commodity portion astir different crypto tokens are securities, cautioning that “SEC regulations volition crush astir of them.” He ended his tweet by stating that helium is buying much bitcoin.

SEC Chairman Gary Gensler has said repeatedly that bitcoin is simply a commodity portion most different crypto tokens are securities. The president of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has besides confirmed that bitcoin is simply a commodity.

The securities regulator said successful November that its Enforcement Division remains focused connected crypto. The SEC has been heavy criticized for taking an enforcement-centric approach to regulating the crypto sector. Gensler said successful May pursuing the terra/luna illness that a batch of crypto tokens volition fail.

The Rich Dad Poor Dad writer has been recommending investors buy gold, silver, and bitcoin for rather immoderate time. Kiyosaki antecedently said helium is simply a bitcoin investor, not a trader, truthful helium gets excited erstwhile BTC hits a caller bottom.

Earlier this month, helium predicted that bitcoin investors volition get richer erstwhile the Federal Reserve pivots and prints trillions of “fake” dollars. Following the illness of crypto speech FTX, Kiyosaki said helium is inactive bullish connected bitcoin, emphasizing that crypto cannot beryllium blamed for the FTX meltdown. In September, the renowned writer urged investors to get into crypto now, earlier the biggest marketplace clang strikes.

Kiyosaki besides made different dire predictions, including the U.S. dollar crashing, the Fed destroying the U.S. economy with its complaint hikes, hyperinflation, a Greater Depression, and World War III.

What bash you deliberation astir Robert Kiyosaki buying much bitcoin and his informing that SEC regulations volition crush astir cryptocurrencies? Let america cognize successful the comments conception below.

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