📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

Will Your Bitcoin, Ethereum, Dogecoin Be Confiscated Like 'Rich Dad, Poor Dad' Author Predicts? Most Say...

Published 13/03/2022, 16:30
©  Reuters Will Your Bitcoin, Ethereum, Dogecoin Be Confiscated Like 'Rich Dad, Poor Dad' Author Predicts? Most Say...
BTC/EUR
-
BTC/USD
-
ETH/EUR
-
CRCW
-
BTC/EUR
-
BTC/JPY
-
BTC/USD
-
ETH/USD
-
ETH/USD
-
DOGE/USD
-
ETH/EUR
-
BTC/JPY
-
ETH/JPY
-
BTC/GBP
-
ETH/GBP
-
ETH/JPY
-
BTC/GBP
-
DOGE/USD
-
DOGE/EUR
-

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

This week, we posed the following question to over 1,000 Benzinga readers on cryptocurrency investing: Do you agree with "Rich Dad, Poor Dad" author Robert Kiyosaki that the US will confiscate your crypto?

On Tuesday, Kiyosaki, the best-selling author of "Rich Dad Poor Dad," predicted that President Joe Biden's executive order to regulate cryptocurrency will mark the downfall for the asset class.

Our Benzinga team covered the full story surrounding Kiyosaki's crypto thoughts here. Kiyosaki sent a pair of tweets out, some might frame as heavy-handed in nature, before the true details of Biden's crypto executive order came into the spotlight Wednesday.

Here are the full results from this week's survey:

  • Yes, The US Will Confiscate Cryptocurrencies: 32.2%

No, The US Will Not Confiscate Cryptocurrencies: 67.8% Most readers believe Kiyosaki's comments on the U.S. confiscating popular cryptos like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) are off base. The reality is, Biden isn't coming down hard on regulating crypto, 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 assets strategy for the United States."

"The E.O. will help position the U.S. to keep playing a leading role in the innovation and governance of the digital assets ecosystem at home and abroad, in a way that protects consumers, is consistent with our democratic values and advances U.S. global competitiveness," the statement adds.

The White House continued, "This E.O. is the product of months of work with stakeholders across 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 broad range of stakeholders across the White House and Executive departments and agencies, and 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 manner that is safe, inclusive, and consistent with our democratic values. As this ecosystem evolves, so too will our approach," the White House stated.

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

Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 1,000 adults.

Photo: Courtesy of QuoteInspector.com on Flickr

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.