2023 is off to a rough start with crypto business bankruptcies, inflation and recession impacting the market and dark clouds gathering on the horizon. Robert Kiyosaki, author of Rich Dad Poor Dad, says that outside of Bitcoin, the U.S. Securities and Exchange Commission will “crush” most cryptocurrencies through regulation. Other investors and economists, such as Michael Burry and Peter Schiff, have also weighed in on the ominous mood of the year ahead. Yet peer-to-peer exchanges that do not require institutions to stifle economic freedom (Bitcoin’s original value proposition) remain a reality, as does the fact that there is no shortage of news about cryptocurrencies. This is Bitcoin.com News His Week review.
Robert Kiyosaki Buys More Bitcoin — Warns SEC Regulation Will Kill Most Cryptocurrencies
Renowned author of the best-selling Rich Dad, Poor Dad, Robert Kiyosaki reveals why people buy more Bitcoin. He warned that Securities and Exchange Commission (SEC) regulations would “kill” most other cryptocurrencies.
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‘Big short’ investor Michael Barry warns of another inflation spike — expects US to be in ‘recession by definition’
Hedge fund manager Michael Barry, who famously predicted the 2008 financial crisis, said that while US inflation has peaked, it will spike again. He expects the U.S. economy to slip into a recession “by any definition.”
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Economist Peter Schiff predicts inflation to ‘get worse’, US dollar faces ‘worst year ever’
Economist Peter Schiff has predicted 2023 will be the “worst year ever” for the US dollar and warned that inflation problems are “about to get worse.” He also shared his predictions for the worst performing sectors of the stock market this year.
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Dispute Venezuelan gold worth $1.8 billion in Bank of England vaults remains uncertain after caretaker government disbands
Venezuela’s gold position, currently held by the Bank of England, could find itself in a regulatory impasse after the dissolution of Juan Guaidó’s interim government. The 31 tonnes of gold has been the subject of a dispute between current president Nicolás Maduro and Juan Guaido since 2019, when Guaidó merged a parallel government.
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What are your thoughts on Bitcoin.com News’ hottest story of the week? Do you think it’s going to be a tough year for the global economy and cryptocurrencies, or are Kiyosaki, Barry and Schiff’s recent observations wrong? Comment below Please let us know in the section.
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