Rich Dad Poor Dad Author Robert Kiyosaki is Buying More Bitcoin...

Rich Dad Poor Dad Author Robert Kiyosaki is Buying More Bitcoin at Current Prices – Here’s Why

01 Jan 2023 12:00 AM

Ruholamin Haqshanas | @ruholamin-haqshanas

Robert Kiyosaki, author of the best-selling personal finance book Rich Dad Poor Dad, has revealed that he is acquiring more BTC at current rates.

In a Saturday tweet, Kiyosaki claimed that the Securities and Exchange Commission (SEC) will “crush” most altcoins with its regulations, suggesting that this is why he is only bullish on BTC at the moment. He said:

"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 BTC."

In an interview with CNBC in early October, SEC Chair Gary Gensler reiterated 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, most of these tokens are securities," he said at the time.