The author of “Rich Dad Poor Dad” is very happy with bitcoin and pessimistic about altcoins.
With the uncertainty around regulation, there is a section of influencers who are still wary of investing in cryptocurrencies. Despite all the difficulties and falling prices in 2022, the crypto-currency market has a good chance of seeing some bullish momentum in 2023. Rich Dad Poor Dad author Robert Kiyosaki, however, is optimistic about the prospects for bitcoin (BTC) because of the regulatory benefits it could get. It remains to be seen how soon the U.S. Securities and Exchange Commission (SEC) will make such a change.
One would have thought that the year 2022 would end without Robert Kiyosaki, author of the best-selling professional motivational literature “Rich Dad Poor Dad“, has issued a definitive opinion on bitcoin and crypto-currencies gave his current point of view in this field.
Kiyosaki is, first of all, very enthusiastic about bitcoin. He continues to invest in BTC now, mostly because it is classified as a commodity like other instruments the author likes: gold, silver and oil. Interestingly, the writer apparently did not wait for the previously predicted price of $1,000 per bitcoin and continues to invest at current levels.
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 classified as a security and SEC regulations will crush most of them. I am buying more BC
– therealkiyosaki (@theRealKiyosaki) December 31, 2022
At the same time, Robert Kiyosaki’s view is radically different for other crypto-currencies, most of which he expects to be crushed by regulatory action from the US Securities and Exchange Commission.
The bill was primarily intended to regulate various crypto-currencies in different categories. Under the proposed classification in the bill, altcoins will fall under the jurisdiction of the SEC. While the Commodity Futures Trading Commission (CFTC) will deal with bitcoin in the commodity category.
“I am very excited about bitcoin. Why? Because bitcoin is classified as a commodity, much like gold, silver and oil. Most crypto-currencies are classified as a security and SEC regulations will crush most of them. I’m buying more bitcoin.”
Robert Kiyosaki’s take on 2023
In his world forecast for 2023, the writer urges his readers to prepare for another rollercoaster year. According to his speech, in 2024, the U.S. Federal Reserve’s policy of raising interest rates will lead to the collapse of many sectors such as real estate and a decline in personal income.
In conclusion, Robert Kiyosaki once again emphasizes that only intelligent and informed people will be able to get rich under such circumstances.