The Crypto world is a hub of various things to discover. Here you can search for any topic be it finding information for the USDC crypto wallet, reading features of the USDC wallet app, or much to your curiosity knowing about the best app to buy USDC, etc. Being a crypto enthusiast, if you regularly follow crypto news websites, then according to the latest cryptocurrency news, it has come out that Rich Dad Poor Dad author Robert Kiyosaki has purchased more BTCs, but at the same time, has also given a warning about SEC regulations that could crumble many cryptocurrencies.
A good author known for his best-seller book Rich Dad Poor Dad, Robert has made revelations about what prompted him to buy more BTC. And why he warned about the danger to cryptocurrency from the strict regulations of the SEC. Let us know all about it in this article.
Rich Dad Poor Dad author Robert Kiyosaki buys more BTC, warns about SEC regulations
Robert Kiyosaki is a well-known personality for being the famous author of the best-selling book Rich Dad Poor Dad. Recently, he revealed his liking for Bitcoins for which he added more BTCs by buying them. But simultaneously, he also gave hinted red alarm about the SEC regulations that could crumble crypto tokens.
Rich Dad Poor Dad is a famous book we all are familiar with. Even though it is mostly known for Robert Kiyosaki as its author, Sharon Lechter also contribution to being a co-author. The book has been on the New York Best Seller List for 6 years. The success of the book can be analyzed with 32 million copies being sold in fifty-one languages across 109+ countries.
When he was asked about his investment in Bitcoin, he replied to yes he is into it. According to Robert, he feels much excited doing investing in BTC, because it is considered a commodity akin to other valuable assets like oil, gold, and silver. But at the same time, he also mentioned how other crypto tokens could be crushed by SEC regulations. This is the main reason why he intends to buy more BTCs.
Bitcoin is a commodity, the rest are securities: SEC Chairman Gary Gensler
With the mention of Bitcoin in the article, Gary Gensler, the chairman of SEC has repeatedly called Bitcoin a commodity and considered other crypto tokens as securities. Not only Gary, but Rostin Behnam, the chairman of CFTC (Commodity Futures Trading Commission) has also considered Bitcoin as a commodity.
In November 2022, the securities regulator even mentioned the prime emphasis on crypto by its Enforcement Division. The Securities Exchange Commission has even faced criticism for its enforcement-centric approach to regulating the cryptocurrency sector. According to Gary Gensler, a lot more cryptocurrency tokens are going to dip following the collapse of Terra/Luna in May.
I am a Bitcoin investor, not a trader: Robert Kiyosaki
Coming back to Rich Dad Poor Dad author Robert Kiyosaki calls himself the investor of Bitcoin, not a trader. He has been giving suggestions to investors for buying not only Bitcoin but also other valuable assets like gold and silver for some time. The author feels excited to see BTC hitting the bottom.
So we can see that Robert Kiyosaki has been buying more BTCs and is recommending the investors for the same also. He is expecting the foremost crypto to hit the bottom. To get more updates, log on to Cryptoknowmics, a leading crypto website to explore numerous topics, including USDC coin wallet to price prediction of cryptocurrencies.