This article was originally published on March 13, 2022.
Benzinga conducts a survey each week to collect opinions on what traders excite, care about or think about most when managing and building their personal portfolios.
This week we asked over 1,000 Benzinga readers the following question about cryptocurrency investing: 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 this president Joe Bidens Executive order regulating cryptocurrency will mark doom for the asset class.
BYE-BYE BITCOIN: Prediction. Biden Signs EXECUTIVE ORDER To Regulate Cryptos. NEXT: Fed Crypto. NEXT: All cryptocurrencies confiscated 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 BUBBLE in world history. Bubbles in stocks, real estate, commodities and oil. FUTURE? Possible DEPRESSION with HYPER-INFLATION. My PLAN B: Be an entrepreneur, stay away from the stock market, build your own fortune, use debt as $, G,S, BC, save on weapons.
— therealkiyosaki (@theRealKiyosaki) March 8, 2022
Our Benzinga team covered the full story surrounding Kiyosaki’s crypto mindset here. Kiyosaki sent out two tweets, some of which could be seen as crude, before the true details of Biden’s crypto executive order came under the spotlight on Wednesday.
Here are the full results of this week’s poll:
- Yes, the US will confiscate cryptocurrencies: 32.2%
- No, the US will not confiscate cryptocurrencies: 67.8%
Most readers think Kiyosaki’s comments about the US confiscating popular cryptos are pleasing Bitcoin BTC/USD, ether ETH/USD and Dogecoins DOGE/USD are off base. The reality is that Biden isn’t getting tough on crypto regulation, at least not yet. According to a statement released by the White House on Wednesday, Biden’s executive order on…
