Robert Kiyosakiauthor of the best-selling book on personal finance rich father poor fatherrevealed that it is acquiring more BTC at current prices.
In a tweet posted on Saturday, Kiyosaki said the Securities and Exchange Commission (SEC) will phase out most altcoins with its regulations and has suggested that is why it is currently only bullish on BTC. He stated:
“I’m very excited about Bitcoin. Why? Because Bitcoin is classified as a commodity, just like gold, silver and oil. The SEC will crush most of it. I prefer to invest in BTC.”
In an interview with CNBC in early October, the chairman of the SEC Gary Genslerreaffirmed his belief that Bitcoin is a commodity, while most other crypto tokens are securities. “The law is clear on this. I believe, based on the facts and circumstances, that most of these tokens are securities,” he said at the time.
In mid-December also the SEC class FTT, the native token of the exchange FTP extension, now bankrupt, as collateral in a lawsuit. This decision has sparked speculation about the nature of other native tokens coming from centralized exchanges and, if they are considered securities, what it could mean for these platforms.
The agency noted that FTT was sold as an investment contract and benefited from an increase in trading demand on FTX, “thus any increase in the price of FTT would benefit FTT holders equally and in direct proportion to their FTT holdings”. He added :
“The large allocation of tokens to FTX has prompted the FTX management team to take action to attract more users to the platform and thus increase the demand and trading price of the FTT token.”
Kiyosaki, a longtime bitcoin advocate, said last month that those who own gold, silver and BTC will get richer when the Federal reservethe United States Treasury and Wall Street will make another economic policy pivot, and decide to print billions of dollars. “Counterfeit money savers will be the biggest losers,” she said.
Following the collapse of FTX, he stated that the Bitcoin could drop to $10,000 once things get back to normal. He added that in this case he would have taken the opportunity to set up a reserve.
rich father poor father by Kiyosaki was published in 1997 and advocates the importance of financial education, financial independence and creating wealth through investing in property, real estate, starting and owning businesses and “improving their financial intelligence “. It has been on the New York Times Best Seller list for over six years.
Follow our affiliate links:
- To buy cryptocurrencies in the SEPA zone, in Europe and French citizensto visit Coinhouse
- To buy cryptocurrency in Canada to visit bitbuy
- To secure or store your cryptocurrenciestake a wallet Ledger
- To trade your cryptocurrencies anonymouslyinstall the app NordVPN
To accumulate coins during the game:
Stay informed through our social networks: