Contrary to many other people who have suggested reasons why it’s advisable to buy altcoins over bitcoin because of the market decline, Kiyosaki thinks we should choose bitcoin over altcoins instead. Just in case you’re at loss for who Kiyosaki is, he’s the “Rich Dad, Poor Dad." Author.
Right from the COVID era, the author has maintained a positive stance on Bitcoin, because according to him, the currency has repeatedly proven to be dogged. This is mainly due to the fact that BTC has somehow managed to outlive every challenge and negative prediction. Show me a more resilient currency; I’ll wait.
Before now, the entrepreneur had made comparisons between bitcoin and gold, as well as bitcoin and silver. Now, his comparison is based on Altcoins and BTC. He implied that Altcoins will not outlive or outperform BTC at any point because they will fall under the “securities” category.
Kanasaki has thus utilized every opportunity he gets to urge individuals to make BTC their initial purchase option.
Just in case you’re wondering if he has invested in the crypto himself, it may interest you to know that he has, and he says he’ll continue to do so. He has so much faith in bitcoin for reasons I cannot fathom.
One of the reasons Kiyosaki maintains his stance on the subject matter is that the CFTC and even the SEC have said that Bitcoin is a commodity, while Altcoins will be classified as securities.
Thus, the US SEC will go after most altcoins since they are actually securities
~ Kiyosaki.
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