Cryptocurrency2 hours ago (Mar 09, 2022 04:10)
© Reuters Bye-Bye Bitcoin? ‘Rich Dad Poor Dad’ Author Sees US Seizing All Crypto After Biden’s Executive Order
Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” has predicted that U.S. President Joe Biden’s executive order to regulate cryptocurrency will mark the downfall for the asset class.
What Happened: In a tweet on Wednesday, Kiyosaki told his 1.8 million Twitter (NYSE:TWTR) followers that he expects all cryptocurrencies to be seized and folded into “government crypto” following an executive order to regulate digital assets.
Others pointed out that, only six hours earlier, Kiyosaki himself had recommended saving Bitcoin in addition to gold, silver and guns.The author has been a long-term advocate of cryptocurrency and has often recommended buying Bitcoin andEthereum(CRYPTO: ETH) as a hedge against inflation.
What Else: Earlier this week, a White House anchor confirmed that the Biden administration was set to release an executive order that will see U.S. federal agencies create a framework for regulating crypto assets.
It is expected to come into effect before the end of this week and will examine the “risks and opportunities” posed by cryptocurrencies.
Price Action: At press time, Bitcoin was trading at $39,290, gaining 2.43% in the last 24 hours.
Photo by Kanchanara on Unsplash
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Bye-Bye Bitcoin? ‘Rich Dad Poor Dad’ Author Sees US Seizing All Crypto After Biden’s Executive Order
Bain Capital Ventures (BCV), the venture capital arm of Bain Capital, has launched a $560 million fund focused on the cryptocurrency space.
What Happened: Bain Capital’s…
Entrepreneur Gary Vaynerchuk (aka Gary Vee) shared details of the second series of the VeeFriends NFT collection and announced a new partnership with Fanatics.
Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock
Whilst Bitcoin (CRYPTO: BTC) consolidates below the important $40k level, rising oil prices has created…
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
© 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.