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

This article was originally published on March 13, 2022.

Every week, Benzinga conducts a survey to gather sentiment on what traders most care about or care about when managing and building their personal portfolios.

This week we asked over 1,000 Benzinga readers the following question 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 that of Joe Biden executive order to regulate cryptocurrency will mark the downfall of the asset class.

Our Benzinga team has covered the whole story surrounding Kiyosaki’s crypto thoughts here. Kiyosaki sent out a pair of tweets, some of which could be considered heavy-handed in nature, before the real details of Biden’s crypto executive order came to light on Wednesday.

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

  • Yes, the United States will confiscate cryptocurrencies: 32.2%
  • No, the United States will not confiscate cryptocurrencies: 67.8%

Most readers believe that Kiyosaki’s comments about the US confiscating popular cryptos like Bitcoin BTC/USD, Ethereum ETH/USD and Dogecoin DOGE/USD are off base. The reality is that Biden isn’t tackling crypto regulation, 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.”

“OE will help position the United States to continue to play a leadership role in 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 the global competitiveness of the United States,” the statement added.

The White House continued: “This EO is the product of months of work with stakeholders from government, industry, advocacy, academia and international allies and partners – to identify actions we can take to foster responsible innovation in the digital asset ecosystem. Its implementation will leverage the knowledge and distinct expertise of a wide range of stakeholders from the White House and executive departments and agencies, as well as 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, our approach,” the White House said.

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

Participation in the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects the results of more than 1,000 adults.

Photo: Courtesy of QuoteInspector.com on Flickr

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