Robert Kiyosaki, author of the best-selling business motivational book "Rich Dad Poor Dad," would end 2022 without taking a firm position on Bitcoin and cryptocurrencies, but on the final day of the year, the author revealed his current view on this matter.
Kiyosaki has made it clear on Twitter that he is quite enthused about Bitcoin. His continued investment in bitcoin is primarily motivated by the fact that it falls under the commodity category, just like the other investments the author enjoys, such as gold, silver, and oil. It's noteworthy that the author doesn't appear to have held off on investing until Bitcoin reached the previously predicted price of $1,000 per coin.
Q: Are you investing in Bitcoin?
— therealkiyosaki (@theRealKiyosaki) December 31, 2022
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
Kiyosaki, on the other hand, has a radically different viewpoint on other cryptocurrencies, the majority of which he thinks will be destroyed by U.S. regulatory activities. Commission for Securities and Exchange.
In his global forecast for 2023, the author advises readers to brace themselves for yet another chaotic year. In his speeches, he predicted that by 2024, the U.S. The Federal Reserve's plan to raise interest rates will result in the failure of various businesses, including real estate, and a decline in personal income.
Bitcoin experienced a favorable day on January 1, 2023. In particular, data reveals a record-breaking high of 11,426,629 addresses owning more than 0.1 Bitcoin.
Not everyone has high hopes for Bitcoin. David Marcus, the founder and CEO of Lightspark, said that BTC and other cryptocurrencies will not be able to recover from the impact of "unscrupulous players'" behavior until at least 2024.
As of this writing, BTC is down 0.12% over the previous 24 hours to trade at $16,548.
