Bitcoin: Is the US government seizing all bitcoin with executive order? – Marca English

There's a new conspiracy theory in town, coming from Robert Kiyosaki.

The author of bestseller Rich Dad Poor Dad said Joe Biden will seize all cryptocurrencies, calling him a communist.

Kiyosaki has sold 32 million copies of his book, and he has 1.8 million followers on Twitter. Nevertheless, there's no evidence or plans for the US Government to seize cryptocurrencies or that Joe Biden is a communist.

The second one is even less likely than the plans to seize cryptos.

Before tweeting the new crypto conspiracy theory, six hours later Kiyosaki said to "entrepreneur, stay out of stock market, create own assets, use debt as $, save G,S, BC, guns."

Cryptocurrencies are known for being an alternative to the stock market. In other words, he encouraged his followers to invest in cryptocurrencies.

Kiyosaki often recommended buying gold, silver, and bitcoin against inflation. His "predictions" are heavily criticized by the crypto community.

Joe Biden issued an executive order on cryptocurrencies last Wednesday.

Nevertheless, his purpose was not seizing crypto assets. Biden's executive order is based on taking care of the consumers, supporting technological advances, addressing the risks, and harnessing the potential benefits of digital assets.

"Under the executive order, Treasury and interagency partners will build upon the recently published National Risk Assessments, which identify key illicit financing risks associated with digital assets," Yanet Yellen said.

Reports from Crypto Head, a cryptocurrency news outlet that used Federal Trade Commission data to analyze cryptocurrency crime trends in recent years say that since the creation of cryptos, crimes increased 312% per year.

Bitcoin is the cryptocurrency with most crime reports. It is the oldest form of payment.

Bitcoin is not an asset that can be frozen or seized. Senator Ted Cruz described "one of the reasons why I'm so bullish on bitcoin is because it is decentralized and not controllable."

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Bitcoin: Is the US government seizing all bitcoin with executive order? - Marca English