Robert Kiyosaki Says SEC Regulations Create A Bullish Outlook For BTC• January 2, 2023 2:54 pm • Comments
Robert Kiyosaki, author of ‘Rich Dad Poor Dad’, has been known for a long time to be a strong supporter of Bitcoin and has claimed to be investing in the asset for a long time.
So far, it seems that Kiyosaki is remaining strong on his stance and has commented that he still sees the asset as a commodity which is comparable to the likes of gold and oil.
With that being said, he had previously made a very drastic claim that BTC could reach a level as low as $1k, but it seems that he is already starting to invest in the asset as it continues to dip lower.
In his public account on Twitter, one of the reasons that he provides on why he is bullish on BTC specifically is because he believes that it is one of the only digital assets that will not be targeted by the SEC.
After all, the SEC’s regulations and enforcement actions have been unpredictable for the past few years and there is always the possibility that the SEC will target a new token after the XRP lawsuit.
As a result, crypto investors are wary about this possibility which may make a BTC investment much more attractive in the short term.
Q: Are you investing in Bitcoin?
A: Yes I am. I am very excited about Bitcoin. Why? Because Bitcoin is classified as a commodity much like gold, silver, and oil. Most crypto tokens are classifed as a security and SEC regulations will crush most of them. I am buying more BC
— Robert Kiyosaki (@theRealKiyosaki) December 31, 2022
Kiyosaki is, first of all, very excited about Bitcoin. He keeps investing in BTC now, most importantly because it is classified as a commodity like other instruments that the author loves: gold, silver and oil.
It is interesting that the writer apparently did not wait for the previously predicted price of $1,000 per Bitcoin and continues to invest at current levels.
In his global forecast for 2023, the writer urges readers to prepare for another roller-coaster year. According to his rhetoric, by 2024, the U.S. Federal Reserve’s policy of raising interest rates will lead to the collapse of many sectors like real estate and a drop in personal income.
As a conclusion, Robert Kiyosaki once again stresses that only the smart and informed will get rich under such circumstances.
Kiyosaki is only one out of many investors that share this same opinion regarding the long term outlook of Bitcoin.
Attention for digital assets have skyrocketed in the past few years as many regions around the world have started to experience various degrees of economic uncertainty.
As a result of that, many are looking for alternative assets to potentially preserve wealth and as a way to protect themselves from issues like high inflation and geo-political conflicts.
After all, this is what the blockchain had been specifically designed for in the first place which is to allow the people to have custody over their own assets without the need for a middleman.
Investors like Mark Cuban and many financial firms also share the same view which indicates a lot of optimism despite all the setbacks that have happened for the crypto industry in 2022.
One thing that is still unclear is what the SEC will attempt to do in 2023 when it comes to regulating the industry after the events that have unfolded so far.
— Bitcoin News (@BTCTN) January 1, 2023
The Rich Dad Poor Dad author has been recommending investors buy gold, silver, and bitcoin for quite some time. Kiyosaki previously said he is a bitcoin investor, not a trader, so he gets excited when BTC hits a new bottom.
Earlier this month, he predicted that bitcoin investors will get richer when the Federal Reserve pivots and prints trillions of “fake” dollars. Following the collapse of crypto exchange FTX, Kiyosaki said he is still bullish on bitcoin, emphasizing that crypto cannot be blamed for the FTX meltdown. In September, the renowned author urged investors to get into crypto now, before the biggest market crash strikes.
Kiyosaki also made other dire predictions, including the U.S. dollar crashing, the Fed destroying the U.S. economy with its rate hikes, hyperinflation, a Greater Depression, and World War III.
My question is who will still be standing in 2024? Pensions have been looted, 401ks, IRAs, and real estate will go down with rising interest rates. Don’t sweat it. It is times like this the smart and informed will grow richer. Stay tuned and thank you for supporting my work.
— Robert Kiyosaki (@theRealKiyosaki) January 1, 2023
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