Robert Kiyosaki: SEC Will "Crush" Most Cryptos, Burry on US Recession, Gold Bug Schiff on Inflation in 2023 — Week in Review
2023 is off to a rough start, with crypto business bankruptcies, inflation, and recession impacting markets and looming darker on the horizon. Rich Dad Poor Dad author Robert Kiyosaki says that other than bitcoin, the Unites States Securities and Exchange Commission is going to “crush” most cryptos with regulations. Other investors and economists such as Michael Burry and Peter Schiff have also been weighing in on the foreboding atmosphere for the year ahead. Still, peer-to-peer exchange without the need for institutions stifling economic freedom (the original value proposition of bitcoin) remains a reality, and so does the fact that there’s no shortage of crypto news. This is the Bitcoin.com News Week in Review.
Robert Kiyosaki Buying More Bitcoin — Warns SEC Regulations Will Crush Most Cryptocurrencies
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has revealed why he is buying more bitcoin. He warned that the Securities and Exchange Commission (SEC) regulations will “crush” most other cryptocurrencies.
Read More
‘Big Short’ Investor Michael Burry Warns of Another Inflation Spike — Expects US to Be ‘in Recession by Any Definition’
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says inflation has peaked in the U.S. but there will be another inflation spike. He expects the U.S. economy to be in a recession “by any definition.”
Read More
Economist Peter Schiff Predicts Inflation ‘About to Get Much Worse’ — US Dollar Facing ‘One of Its Worst Years Ever’
Economist Peter Schiff has predicted that the U.S. dollar will have “one of its worst years ever” in 2023, warning that the inflation problem is “about to get much worse.” He also shared his prediction about the worst-performing sectors of the stock market this year.
Read More
Disputed Venezuelan Gold Worth $1.8B in Bank of England Vaults Remains Uncertain After Dissolution of Interim Government
The status of the Venezuelan gold currently being held by the Bank of England might fall into regulatory limbo after the dissolution of the interim government of Juan Guaido. The 31 tons of gold have been the subject of dispute between the current president Nicolas Maduro and Juan Guaido since 2019, when Guaido integrated a parallel government.
Read More Tags in this story Bank of England, michael burry, Michael Burry recession, Peter Schiff, Peter Schiff inflation, robert kiyosaki, Robert Kiyosaki SEC, Venezuela Gold
What are your thoughts on this week’s hottest stories from Bitcoin.com News? Do you think the global economy and crypto are in for a rough year, or are the recent views of Kiyosaki, Burry, and Schiff mistaken? Let us know in the comments section below. Bitcoin.com
Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance. Gold, Silver, and Oil Predictions; Ellison"s FTX Testimony and the Sam Trabucco Mystery; Massively Eroded Dollar Sees the Fed Turn 109 — Week in Review THE WEEKLY | Jan 1, 2023 Snowden to Musk: "I Take Payment in Bitcoin"; Big Short Investor Says Audits of Exchanges like Binance and FTX Are "Meaningless," and More — Week in Review THE WEEKLY | Dec 25, 2022
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleMexican CBDC Unlikely to Be Ready by 2024 Next articleGold Prices Expected to Soar in 2023: Experts Predict Record Highs for Precious Metal Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItSEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale
Grayscale Investments" CEO explains that the U.S. Securities and Exchange Commission (SEC) could potentially violate the Administrative Procedure Act by not approving a spot bitcoin exchange-traded fund (ETF). SEC Approving Spot Bitcoin ETF Is "a Matter of When and Not ... read more.UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40% Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether