Bitcoin, Ethereum, Dogecoin Holders: Will Crypto Be Confiscated Like ‘Rich Dad, Poor Dad’ Author Predicts? – Bitcoin (BTC/USD)

by Arthur · October 2, 2022

This article was originally published on March 13, 2022.

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in, or thinking about when managing and building their personal portfolios.

This week, we asked over 1,000 Benzinga readers the following questions about investing in cryptocurrency: Do you agree with the author of “Rich Dad, Poor Dad” Robert Kiyosaki that the US will confiscate your crypto?

On Tuesday, Kiyosaki, the best-selling author of “Rich Dad, Poor Dad,” predicted that the president Joe Biden’s orders to regulate cryptocurrency will spell doom for the asset class.

BYE-BYE BITCOIN: Prediction. Biden to sign EXECUTIVE ORDER regulating cryptos. NEXT: Fed Crypto. NEXT: all cryptocurrencies seized and folded into GOVERNMENT crypto. “Let’s go Brandon” you criminal. You commie.

— therealkiyosaki (@theRealKiyosaki) March 8, 2022

DO YOU HAVE A PLAN “B”? We are in the BIGGEST BOBBIN in the history of the world. Bubbles in shares, property, raw materials and oil. FUTURE? Possible DEPRESSION with HYPERINFLATION. My PLAN B: Be an entrepreneur, stay out of the stock market, create your own assets, use debt as $, save G,S, BC, guns.

— therealkiyosaki (@theRealKiyosaki) March 8, 2022

Our Benzinga team covered the full story surrounding Kiyosaki’s crypto thoughts here. Kiyosaki sent out a pair of tweets, some of which may appear heavy-handed in nature, before the true details of Biden’s crypto order came into the spotlight on Wednesday.

Here are the full results from this week’s survey:

Yes, the US will confiscate cryptocurrencies: 32.2%

No, the US will not confiscate cryptocurrencies: 67.8%

Most readers believe Kiyosaki’s comments about the US confiscating popular cryptocurrencies Bitcoin BTC/USD, Ethereum ETH/USD and Dogecoin DOGE/USD is off base. The reality is that Biden is not coming down hard on regulating crypto, at least not yet. According to a statement released by the White House on Wednesday, Biden’s executive order on crypto “will establish the first-ever comprehensive federal digital asset strategy for the United States.”

“The EO will help position the United States to continue to play a leading role in the innovation and governance of the digital asset ecosystem at home and abroad in a way that protects consumers, is consistent with our democratic values, and advances America’s global competitiveness. ” adds the statement.

The White House continued, “This EO is the product of months of work with stakeholders across government, industry, advocacy, academia, and international allies and partners — to identify actions we can take to advance responsible innovation in the digital asset ecosystem. The implementation of it. will leverage the knowledge and distinct expertise of a broad range of stakeholders across the White House and executive departments and agencies, and regulatory agencies.”

“We remain committed to working with allies, partners and the broader digital asset community to shape the future of digital asset systems in a way that is safe, inclusive and consistent with our democratic values. As this ecosystem evolves, so will our approach,” the White House stated.

This survey was conducted by Benzinga in March 2022 and included the responses of a diverse population of adults 18 years of age or older.

Participating in the survey was completely voluntary, with no incentives for potential respondents. The study reflects results from over 1,000 adults.

Photo: Courtesy of QuoteInspector.com on Flickr