Robert Kiyosaki is bullish about Bitcoin despite the bleak mood and pricing trend at the start of 2023.
He said SEC restrictions would kill most cryptocurrencies. He said Bitcoin's value originates from its commodity status, like gold and silver.
Some influencers are still leery of investing in cryptocurrencies due to the regulatory uncertainties. Despite all the challenges and price collapse in 2022, there is a significant probability that the cryptocurrency sector could have some optimistic momentum in 2023. However, Robert Kiyosaki, author of Rich Dad Poor Dad, is optimistic about Bitcoin (BTC) future because of the potential regulatory advantage it could achieve. When the U.S. Securities and Exchange Commission (SEC) will make such a move is still uncertain.
The author claimed he was acquiring more of the most popular cryptocurrency while outlining the potential competitive edge it could attain in the future. In a recent tweet on December 31, he claimed that the SEC's rules would kill most cryptocurrencies. He continued by saying that Bitcoin's benefit comes from its acceptance as a commodity, much like gold and silver. In June 2022, a measure regulating cryptocurrencies was published by both parties.
The primary goal of the measure was to regulate numerous cryptocurrencies under various categories. Altcoins will be categorised in accordance with the bill's suggested definition, falling under the SEC's jurisdiction. The Commodity Futures Trading Commission (CFTC) will be in charge of Bitcoin's management under the commodities heading.
Bitcoin has me really enthusiastic. Why? mostly due to the fact that bitcoin is seen as a commodity, much like gold, silver, and oil. Due to SEC restrictions, the majority of cryptocurrency tokens are considered securities and will therefore fail. I'm investing in more Bitcoin, Robert Kiyosak.
According to price monitoring service CoinGabbar, as of this writing, $16,718 has increased by 0.65% over the previous day. The price of bitcoin has mainly remained unchanged after the FTX meltdown in November 2022.
