Robert Kiyosaki, author of the best-selling personal finance book Rich Dad Poor Dad, has announced that he is buying more Bitcoins at current prices.
Kiyosaki claimed in a tweet on Saturday that new regulations from the Securities and Exchange Commission (SEC) will “crush” most altcoins, which is why he is bullish on Bitcoin-BTC realtime. And he said:
“I’m very excited about Bitcoin because its rating is very similar to that of commodities like gold, silver and oil, while most altcoins are classified as securities, which threatens to topple most of them with the new regulations. Adopted by the Securities and Exchange Commission (SEC); so i buy more bitcoins.
In an interview with CNBC in early October, Securities and Exchange Commission (SEC) Chairman Gary Gensler reiterated his belief that Bitcoin is a commodity (commodity) While most other digital currencies are simply considered securities. He added: “The law is clear on this. I believe, based on the facts and circumstances, that most of these currencies are securities.”
There was the Securities and Exchange Commission classified FTT currency, the main currency of the currently collapsing digital currency platform FTX, as security (Security) in a complaint filed in mid-December 2022. The move has led to speculation about whether other digital currencies of centralized platforms should be considered securities. , And about the reality of the role played on these platforms.
Taking advantage of the high demand for trading on the FTT platform, the committee noted that FTT is sold as an investment contract, “so any increase in the price of the FTT token will benefit its holders equally and in direct proportion to its size. their holdings”. The committee confirmed:
“The high concentration of cryptocurrencies on the FTX platform has prompted its management to take steps to attract more users to the trading platform, thus increasing demand for FTT and increasing its trading price.”
Last month, Kiyosaki, a longtime bitcoin advocate, said that gold, silver and bitcoin holders will get richer when things fall apart for the Federal Reserve, the Treasury Department and Wall Street and trillions of dollars are printed: “The big losers will be the big losers.”
Kiyosaki said after the collapse of FTX Bitcoin may fall to $10,000 When the consequences of the collapse became clear. He added that the sell-off could lower the price of Bitcoin to $10,000 to $12,000, and he would use the opportunity to stockpile more Bitcoin.
Finally, it is recalled that Kiyosaki’s 1997 book “Rich Dad Poor Dad” calls for his “financial illiteracy”, financial independence, the importance of creating wealth by investing in assets, and focuses on real estate investment and starting projects. business and ownership, as well as increasing financial intelligence; It has been a New York Times bestseller for over six years.