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IPFS News Link • Economy - Recession-Depression

Robert Kiyosaki: SEC Will 'Crush' Most Cryptos, Burry on US Recession...

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2023 is off to a rough start, with crypto business bankruptcies, inflation, and recession impacting markets and looming darker on the horizon. Rich Dad Poor Dad author Robert Kiyosaki says that other than bitcoin, the Unites States Securities and Exchange Commission is going to "crush" most cryptos with regulations. Other investors and economists such as Michael Burry and Peter Schiff have also been weighing in on the foreboding atmosphere for the year ahead. Still, peer-to-peer exchange without the need for institutions stifling economic freedom (the original value proposition of bitcoin) remains a reality, and so does the fact that there's no shortage of crypto news. This is the News Week in Review.

Robert Kiyosaki Buying More Bitcoin — Warns SEC Regulations Will Crush Most Cryptocurrencies

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has revealed why he is buying more bitcoin. He warned that the Securities and Exchange Commission (SEC) regulations will "crush" most other cryptocurrencies.

'Big Short' Investor Michael Burry Warns of Another Inflation Spike — Expects US to Be 'in Recession by Any Definition'

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says inflation has peaked in the U.S. but there will be another inflation spike. He expects the U.S. economy to be in a recession "by any definition."