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Nw: Robert Kiyosaki Procuring for More Bitcoin — Warns SEC Regulations Will Crush Most Cryptocurrencies

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The notorious author of essentially the most easy-selling e book Prosperous Dad Uncomfortable Dad, Robert Kiyosaki, has published why he’s buying extra bitcoin. He warned that the Securities and Exchange Commission (SEC) rules will “crush” most different cryptocurrencies.

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

The author of Prosperous Dad Uncomfortable Dad, Robert Kiyosaki, has published essentially the most indispensable motive he’s investing in bitcoin. The notorious author warned that the Securities and Exchange Commission (SEC) will “crush” most different crypto tokens with its rules.

Prosperous Dad Uncomfortable Dad is a 1997 e book co-authored by Kiyosaki and Sharon Lechter. It has been on the Unique York Instances Most productive Seller List for over six years. More than 32 million copies of the e book were sold in over 51 languages all over extra than 109 worldwide locations.

Kiyosaki tweeted Friday that he’s investing in bitcoin. He explained that he’s “very infected” about BTC since the cryptocurrency “is classified as a commodity noteworthy love gold, silver, and oil.” The Prosperous Dad Uncomfortable Dad author added that the U.S. Securities and Exchange Commission (SEC) has classified bitcoin as a commodity whereas most different crypto tokens are securities, cautioning that “SEC rules will crush most of them.” He ended his tweet by pointing out that he’s buying extra bitcoin.

SEC Chairman Gary Gensler has acknowledged many conditions that bitcoin is a commodity whereas most different crypto tokens are securities. The chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has furthermore confirmed that bitcoin is a commodity.

The securities regulator acknowledged in November that its Enforcement Division remains concerned with crypto. The SEC has been heavily criticized for taking an enforcement-centric plan to regulating the crypto sector. Gensler acknowledged in Might perchance merely following the terra/luna collapse that a form of crypto tokens will fail.

The Prosperous Dad Uncomfortable Dad author has been recommending merchants rob gold, silver, and bitcoin for pretty a whereas. Kiyosaki beforehand acknowledged he’s a bitcoin investor, no longer a trader, so he gets infected when BTC hits a novel bottom.

Earlier this month, he predicted that bitcoin merchants will assemble richer when the Federal Reserve pivots and prints trillions of “false” greenbacks. Following the collapse of crypto alternate FTX, Kiyosaki acknowledged he’s collected bullish on bitcoin, emphasizing that crypto can no longer be blamed for the FTX meltdown. In September, the illustrious author knowledgeable merchants to assemble into crypto now, earlier than the finest market smash strikes.

Kiyosaki furthermore made different dire predictions, collectively with the U.S. buck crashing, the Fed destroying the U.S. economy with its rate hikes, hyperinflation, a Better Depression, and World Warfare III.

What build you’re taking into story Robert Kiyosaki buying extra bitcoin and his warning that SEC rules will crush most cryptocurrencies? Allow us to perceive within the comments allotment below.

Kevin Helms

A pupil of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, delivery-provide systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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