Robert Kiyosaki buys more Bitcoin-warns that the SEC regulations will destroy the most cryptocurrencies-regulation

The famous author of the bestseller Rich Dad Poor Dad, Robert Kiyosaki, revealed why he buys more Bitcoin. He warned that the regulations of the Securities and Exchange Commission (Sec) would "crush" most of the other cryptocurrencies.

Robert Kiyosaki buys more Bitcoin and warns of second regulations that destroy crypto tokens

The author of Rich Dad Poor Dad, Robert Kiyosaki, has revealed the main reason why he is investing in Bitcoin. The famous author warned that the Securities and Exchange Commission (SEC) will "crush" most of the other crypto tokens.

Rich Dad Poor Dad is a book from 1997, which was written together by Kiyosaki and Sharon Lechter. It has been on the bestseller list of the New York Times for over six years. More than 32 million copies of the book were sold in over 51 languages in more than 109 countries.

Kiyosaki tweeted on Friday that he was investing in Bitcoin. He explained that he was "very excited" bitcoin because the cryptocurrency is "classified as goods similar to gold, silver and oil". The author of Rich Dad Poor Dad added that the US Securities and Exchange Commission (Sec) classified Bitcoin as a merchandise, while most other crypto token are securities and warned that "SEC regulations will destroy most of them". He ended his tweet with the statement that he would buy more Bitcoin.

SEC Chairman Gary Gensler repeatedly said that Bitcoin is Most other crypto tokens are securities . This was also confirmed by the chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam bitcoin is one Goods .

The security supervisory authority said in November that its enforcement division remains focuses on crypto . The SEC was heavily criticized for the fact that it was a enforced approach to regulate the crypto sector. This was said in May after the collapse of Terra/Luna buy gold, silver and bitcoin for some time. Kiyosaki previously said that he was a Bitcoin-investor So dealer, so he is excited if bitcoin reaches a new low.

At the beginning of this month he predicted the in front bitcoin investor Richer when the Federal Reserve swings up and prints trillions "false" dollars. After the collapse of the crypto exchange FTX, Kiyosaki said that he was still there Bullish on Bitcoin , whereby it is emphasized that crypto cannot be held responsible for the FTX core melt. In September, the renowned author requested investors to do so on Now in crypto a before the largest market crash strikes.

kiyosaki also predicted other gloomy, including the US dollars The fed US economy with its interest rate increases, Hyperinflation , a greater depression and World War III .

What do you think of Robert Kiyosaki, who buys more Bitcoin, and his warning that the second regulations will destroy the most cryptocurrencies? Let us know in the comment area below.

Kevin Helms

As a student of Austrian economics, Kevin Bitcoin discovered in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economy and cryptography.

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