{"id":18034,"date":"2025-11-16T03:25:28","date_gmt":"2025-11-16T02:25:28","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=18034"},"modified":"2025-11-16T03:25:28","modified_gmt":"2025-11-16T02:25:28","slug":"bitcoin-forecasts-and-steak-n-shakes-exciting-expansion-into-el-salvador","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/16\/bitcoin-forecasts-and-steak-n-shakes-exciting-expansion-into-el-salvador\/","title":{"rendered":"“Bitcoin Forecasts and Steak ‘n Shake’s Exciting Expansion into El Salvador”"},"content":{"rendered":"

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Today in crypto, Steak \u2018n Shake reveals its expansion into El Salvador, Robert Kiyosaki claims a global cash deficiency is fueling the market downturn and states he\u2019s retaining Bitcoin and gold, and crypto executive Jeff Park expressed endorsement for the CFTC to take precedence in crypto regulation. <\/p>\n

Steak \u2018n Shake reveals expansion into El Salvador<\/h2>\n

The American fast-food restaurant chain Steak \u2018n Shake declared it is extending its reach to El Salvador<\/a> in an announcement made on Saturday.<\/p>\n

Steak \u2018n Shake initially started accepting BTC as a method of payment at its dining locations in May. The company stated in a Saturday X post<\/a>, which was echoed by El Salvador\u2019s Bitcoin Office:<\/p>\n

\u201cEl Salvador is a wonderful nation. We felt privileged to be in Bitcoin territory, serving beef tallow fries and distributing grass-fed and Wagyu beef tallow cooking oil. The dawn of a splendid partnership.\u201d<\/p><\/blockquote>\n

Source: <\/em>Steak \u2018n Shake<\/em><\/a><\/figcaption><\/figure>\n

The enterprise has gained iconic status in the Bitcoin community following its choice to accept BTC, demonstrating the increasing adoption of BTC as a payment option by retailers globally.<\/p>\n

Robert Kiyosaki claims cash crunch driving downturn, remains positive on Bitcoin, gold<\/h2>\n

Robert Kiyosaki, author of Rich Dad Poor Dad, has informed his 2.8 million followers on X that he will not liquidate his Bitcoin or gold<\/a> despite the significant drop.<\/p>\n

\u201cThe everything bubbles are bursting,\u201d he remarked in a Saturday post, adding that the underlying cause of the market decline is a worldwide cash scarcity. \u201cThe reason behind all markets crashing is that the globe is in need of liquidity,\u201d he stated.<\/p>\n

Kiyosaki indicated he anticipates what he terms \u201cThe Big Print,\u201d referencing Lawrence Lepard\u2019s argument that governments will resort to extensive money creation to meet growing debt obligations.<\/p>\n

\u201cThe Big Print is about to commence\u2026 which will elevate gold, silver, Bitcoin, and Ethereum\u2019s value\u2026 as counterfeit money collapses,\u201d he mentioned. He advised those in need of liquidity to contemplate liquidating some assets, asserting that most anxiety arises from liquidity requirements rather than conviction.<\/p>\n

\"Cryptocurrencies,
Robert Kiyosaki says he will acquire more Bitcoin after the decline. Source: <\/em>Robert Kiyosaki<\/em><\/a><\/figcaption><\/figure>\n

Crypto regulation by CFTC over SEC is \u2018directionally accurate\u2019 \u2014 Jeff Park<\/h2>\n

Despite certain intricacies surrounding the recently suggested<\/a> crypto market structure legislation, a clearer understanding is beginning to take shape regarding crypto market regulation, according to ProCap BTC chief investment officer Jeff Park.<\/p>\n

\u201cThe CFTC will maintain a broader domain over crypto compared to the SEC,\u201d Park stated<\/a> during a conversation with crypto entrepreneur Anthony Pompliano released on YouTube on Friday, emphasizing that there remains \u201csignificant complexity with various stakeholders.\u201d<\/p>\n

\u201cIn my view, that is directionally accurate,\u201d he asserted. \u201cThe CFTC is engaged in the domain of financial innovation at large, and it is involved in managing capital efficiency, leverage, and derivative products,\u201d he elaborated, indicating this aligns with what the crypto sector is developing, a new settlement layer that fosters capital efficiency at varying rates.<\/p>\n

Park also noted that treating crypto as a commodity is in accordance with the global nature of the marketplace.<\/p>\n