Rich Dad Poor Dad Author Says He’s Stacking More Bitcoin (BTC), Warns of Regulations Crushing Altcoins

Wealthy Dad Poor Dad creator Robert Kiyosaki says he’s shopping for extra Bitcoin (BTC) at present costs because the king crypto trades within the depths of the bear market.

In a tweet to his 2.3 million followers, the best-selling creator explains his thesis behind investing in Bitcoin.

Kiyosaki says that not like altcoins, Bitcoin will probably be capable to dodge the hammer of regulators ought to they determine to clamp down on regulators.

“Q: Are you investing in Bitcoin?
A: Sure I’m. I’m very enthusiastic about Bitcoin. Why? As a result of Bitcoin is classed as a commodity very similar to gold, silver, and oil. Most crypto tokens are classifed as a safety and SEC [U.S. Securities and Exchange Commission] laws will crush most of them. I’m shopping for extra [BTC].”

The BTC bull can be optimistic on the dear metallic markets. He predicts rallies for each gold and silver in 2023, calling for a 108% and 213% surge, respectively, probably triggered by a inventory market crash.

“I grew to become a gold bug in 1972. I used to be a Marine pilot in Vietnam flying behind enemy traces hoping to purchase gold at a reduction as a result of the mine was in enemy arms. Discovered the worth of gold is identical all around the world. I predict silver going to $75 and gold to $3,800 in 2023…

I grew to become a silver nut in 1964. I used to be taking a look at a dime and noticed a copper tinge across the edge. I used to be solely 17, however I knew we had been being screwed through our cash. Little did I do know then that the US authorities violated Gresham’s Legislation which states faux cash drives out gold and silver.”

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Disclaimer: Opinions expressed at The Every day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any loses chances are you’ll incur are your duty. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in affiliate internet marketing.

Featured Picture: Shutterstock/BINK0NTAN/Chuenmanuse

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