"New year new goals, many are hoping for BTC bullish soon."
It is already known that the cryptocurrency market that still shows weak momentum since 2022 has scared most individuals to invest in digital assets.
Not only that, crypto regulations are also the reason why investors are reluctant to take any drastic steps even though there are predictions that crypto prices will soar in 2023.
But it is different for the United States (US) entrepreneur and author of the book Rich Dad Poor Dad, Robert Kiyosaki who always mentions the superiority of Bitcoin (BTC) due to its regulatory advantages.
Kiyosaki is reported to have bought a large amount of BTC, where he believes the digital asset is one of the commodities that will replace gold and silver.
While he also expects that some altcoins will receive a negative impact when regulations by the Securities and Exchange Commission (SEC) are implemented.
This follows because the objective of the bill is to regulate crypto through different categories.
Clarified further, altcoins will be under the jurisdiction of the SEC while the Commodity Futures Trading Commission (CFTC) is responsible for protecting BTC.
As of this writing, BTC is down 0.99% hovering at the $16,691 price zone in the last 24 hours.
