SEC Will ‘Crush’ Most Cryptos, Burry on US Recession, Gold Bug Schiff on 2023 Inflation Week in Review Cryptocurrency

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2023 is off to a rocky start, with crypto bankruptcies, inflation and recession impacting markets looming on the horizon. Rich Dad Poor Dad author Robert Kiyosaki says that aside from bitcoin, the U.S. Securities and Exchange Commission will “crush” most cryptos with regulations. Other investors and economists such as Michael Burry and Peter Schiff also weighed in on the ominous mood for the year ahead. Still, peer-to-peer exchange without the need for institutions stifling economic freedom (bitcoin’s original value proposition) remains a reality, as is there is no shortage of crypto news. This is Bitcoin.com News Week in Review.

Robert Kiyosaki Buys More Bitcoin Warns SEC Regulations Will Crush Most Cryptocurrencies

The famous author of the bestselling book Rich Dad Poor Dad, Robert Kiyosaki, has revealed why he is buying more bitcoins. He warned that Securities and Exchange Commission (SEC) regulations would crush most other cryptocurrencies.

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‘Big Short’ investor Michael Burry warns of another spike in inflation, expects US to be ‘in recession by any definition’

Hedge fund manager Michael Burry, famous for his predictions of the 2008 financial crisis, says inflation has peaked in the United States, but there will be another spike in inflation. He expects the US economy to be in a recession by any definition.

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Economist Peter Schiff predicts inflation ‘is about to get worse’ US dollar faces ‘one of its worst years’

Economist Peter Schiff has predicted that the US dollar will have one of its worst years in 2023, warning that the inflation problem is about to get worse. He also shared his prediction on the worst performing sectors of the stock market this year.

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Disputed Venezuelan gold worth $1.8 billion in Bank of England vaults remains uncertain after caretaker government dissolves

The status of Venezuelan gold currently held by the Bank of England could fall into regulatory limbo after the dissolution of the interim government of Juan Guaido. The 31 tons of gold have been the subject of a dispute between current President Nicolas Maduro and Juan Guaido since 2019, when Guaido joined a parallel government.

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What do you think of this week’s hottest stories from Bitcoin.com News? Do you think the global economy and crypto are in for a tough year, or are the recent views of Kiyosaki, Burry, and Schiff wrong? Let us know in the comments section below.

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