2023 is off to a undeveloped start, with crypto business bankruptcies, inflation, and recession impacting markets and looming darker on the horizon. Prolific Dad Poor Dad author Robert Kiyosaki says that other than bitcoin, the Unites States Securities and Truck Commission is going to “crush” most cryptos with regulations. Other investors and economists such as Michael Burry and Peter Schiff get also been weighing in on the foreboding atmosphere for the year ahead. Still, peer-to-peer exchange without the need for institutes stifling economic freedom (the original value proposition of bitcoin) remains a reality, and so does the fact that there’s no want of crypto news. This is the Bitcoin.com News Week in Review.
Robert Kiyosaki Buying More Bitcoin — Cautions SEC Regulations Will Crush Most Cryptocurrencies
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has balled why he is buying more bitcoin. He warned that the Securities and Exchange Commission (SEC) regulations will “crush” most other cryptocurrencies.
Infer from More
‘Big Short’ Investor Michael Burry Warns of Another Inflation Spike — Expects US to Be ‘in Recession by Any Definition’
Hedge pelf manager Michael Burry, famed for forecasting the 2008 financial crisis, says inflation has peaked in the U.S. but there wish be another inflation spike. He expects the U.S. economy to be in a recession “by any definition.”
Read More
Economist Peter Schiff Prophesies Inflation ‘About to Get Much Worse’ — US Dollar Facing ‘One of Its Worst Years Ever’
Economist Peter Schiff has vaticinated that the U.S. dollar will have “one of its worst years ever” in 2023, warning that the inflation problem is “at hand to get much worse.” He also shared his prediction about the worst-performing sectors of the stock market this year.
Interpret More
Disputed Venezuelan Gold Worth $1.8B in Bank of England Vaults Remains Uncertain After Collapse of Interim Government
The status of the Venezuelan gold currently being held by the Bank of England might fall into regulatory limbo after the breaking up of the interim government of Juan Guaido. The 31 tons of gold have been the subject of dispute between the advised president Nicolas Maduro and Juan Guaido since 2019, when Guaido integrated a parallel government.
Present More
What are your thoughts on this week’s hottest stories from Bitcoin.com Talk? 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 positive in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Inferiors
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 approbation of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the writer 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 helps mentioned in this article.
Read disclaimer