For this reason, the author of Rich Dad, Poor Dad Bitcoin instead of old coins

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Robert Kiyosaki believes that the US supervisory authorities will be hard against most alternative coins as soon as they are classified as securities.

Therefore, the author of several bestseller books continues to invest only in Bitcoin, which according to CFTC and even the Sec.

kiyosaki about BTC and old coins

The 75-year-old US entrepreneur, author and investor changed his attitude towards the primary cryptocurrency during the crisis caused by Covid-19 and said that the asset had proven itself in times of extreme uncertainty. Since then he has used every opportunity to praise BTC and advise people to start buying.

He also compared Bitcoin with gold and silver in the past, and he did the same in his latest Twitter post, which contained a question whether he invests in the digital asset. Kiyosaki sees a dark future for most old coins because he believes that they fall into the "securities" category.

At the same time, BTC has been classified as a raw material by the US Commodity Futures Trading Commission. For this reason, Kiyosaki claimed that he continues to accumulate Bitcoin.

f: Invest in Bitcoin?
a: Yes, that's me. I am very excited about Bitcoin. Why that? Because Bitcoin is classified as a raw material similar to gold, silver and oil. Most crypto tokens are classified as security and most of them will destroy the SEC regulations. I buy more bc

- theraElkiyosaki (@therealkiyosaki) 31. December 2022

raw materials vs. securities

The cryptocurrency industry has been torn down by US regulators who tried to determine the type of largest assets. While the situation with Bitcoin seems to be undeniable, the persistent legal dispute between the SEC and Ripple Labs via XRP continues to throw a dark shadow and bring uncertainty.

The case with the native cryptocurrency of Ethereum is quite similar, and it became even more complicated after the Blockchain was merged. Since the end of the long-awaited transition from the Proof of Work to the Proof of Stake, several US officials have claimed that ETH could now become a securities.

Even the Seclei Chairman Gary Gensler warned that the stake could be officially regarded as an investment, which would make ETH a securities and put in the area of ​​responsibility of its authority.

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