<br><div>
<figure class="image"><img src="https://v2.cimg.co/news/99606/246968/c8f9cea2e7-media-library-original-1351-901.jpg" srcset="" width="" class="content-img" alt=""/><figcaption>Robert Kiyosaki. Supply: a video screenshot, Youtube/The Wealthy Dad Channel</figcaption></figure><p>Robert Kiyosaki, creator of the best-selling private finance ebook Wealthy Dad Poor Dad, has revealed that he's buying extra BTC at present charges. </p><p>In a Saturday tweet, Kiyosaki claimed that the Securities and Trade Fee (SEC) will “crush” most altcoins with its laws, suggesting that that is why he's solely bullish on BTC in the mean time. He mentioned:</p><blockquote><p>"I'm very enthusiastic about Bitcoin. Why? As a result of Bitcoin is assessed as a commodity very like gold, silver, and oil. Most crypto tokens are classifed as a safety and SEC laws will crush most of them. I'm shopping for extra BTC."</p></blockquote><figure class="media"><oembed data-embedo-height="400" data-embedo-url="https://twitter.com/theRealKiyosaki/status/1608996591851180039?s=20&t=y45VDUTQRu3U1yX0NeFxJw"/></figure><p>In an interview with CNBC in early October, SEC Chair Gary Gensler reiterated his perception that <a target="_blank" href="https://cryptonews.com/news/sec-boss-gensler-doesnt-mention-ethereum-as-a-commodity-does-not-say-bitcoin-is-the-only-one-either.htm" rel="noopener">Bitcoin is a commodity</a> whereas most different crypto tokens are securities. "The regulation is obvious on this. I consider based mostly on the information and circumstances, most of those tokens are securities," he mentioned on the time. </p><p>In mid-December, the SEC additionally <a target="_blank" href="https://www.sec.gov/litigation/complaints/2022/comp-pr2022-234.pdf" rel="noopener">classified</a> FTT, the native token of the now-collapsed cryptocurrency alternate FTX, as a safety in a criticism. The transfer stirred up speculations about whether or not different tokens of centralized exchanges are thought-about securities, and what it may imply for these platforms. </p><p>The company famous that FTT was offered as an funding contract and benefitted from an increase in demand for buying and selling on FTX, “such that any value improve in FTT would profit holders of FTT equally and in direct proportion to their FTT holdings.” It mentioned:</p><blockquote><p>“The massive allocation of tokens to FTX incentivized the FTX administration staff to take steps to draw extra customers onto the buying and selling platform and, due to this fact, improve demand for, and improve the buying and selling value of, the FTT token.”</p></blockquote><p>Kiyosaki, who has been a Bitcoin advocate for a very long time, mentioned final month that those that personal gold, silver, and BTC will get richer when the Federal Reserve, the Treasury, and Wall Avenue pivot and trillions of {dollars} are printed. “Pretend cash savers would be the greatest losers,” he mentioned.</p><p>Within the wake of the FTX collapse, he mentioned that <a target="_blank" href="https://cryptonews.com/news/rich-dad-poor-dad-author-robert-kiyosaki-says-btc-will-bottom-at-price-not-worried-about-crash.htm" rel="noopener">Bitcoin may go as low as $10,000</a> because the mud from the fallout settles. He added that the selloff may see Bitcoin drop to $10,000-$12,000, however he'll use the chance to refill extra cash. </p><p>Kiyosaki's Wealthy Dad Poor Dad is a 1997 ebook that advocates the significance of economic literacy, monetary independence, and constructing wealth by means of investing in belongings, actual property investing, beginning and proudly owning companies, in addition to rising one's monetary intelligence. It has been on the New York Occasions Finest Vendor Checklist for over six years.</p>
</div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>