Minn The Daily Hodl - 1 sena ilu - Ħin tal-Qari: 2 minuti
Bitcoin and Ethereum Investors Are Not Flinching, US Pressure on Crypto Will Backfire: Chris Burniske
A venture capitalist who correctly called the 2022 crypto bottom says investors in Bitcoin (BTC), Etereum (ETH) and the broader digital asset market are not batting an eye over the US government’s latest enforcement actions against key players in the industry.
In a new CNBC interview, Chris Burniske says the US government’s crackdown on crypto-related activities including the jservu of Wells Notice to digital asset exchange Coinbase are not driving investors away from the crypto markets.
According to the Placeholder partner, the regulatory pressure on the industry will ultimately strengthen the conviction of crypto investors and pull in more people into Bitcoin.
“Int għandek Bitcoin chugging along, Ethereum chugging along. Basically, these protocols don’t care. Last year, combined, they settled over $20 trillion in value. Bitcoin, you’ve got an all-time high of holders right now, where 68% of holders have not sold or moved their Bitcoin for over a year. So you have these people who are not flinching, in spite of all these regulatory pressure.
In fact, I would say, as we’ve seen since the SVB [Silicon Valley Bank] collapse, they’re shifting even more into Bitcoin. So this is where I think you’ll see the strategy from the government ultimately backfire.”
Burniske also highlights that Bitcoin was created for “moments like this,” when confidence in the traditional banking system is beginning to sour.
"[Bitcoin] is an alternative to the existing system. Ethereum, as well, operates an internet-native financial system. These are means for consumers to make a different choice, or at the very least, diversify. There’s no solvency risk. There’s algorithmic supply. It’s not going to be caught up in the same contagion we see right now in the traditional system, and so that’s valuable for consumers to be educated about.”
I
Titlifx Taħbit - Abbona biex tikseb twissijiet bl-email kripto mwassla direttament fl-inbox tieghekIċċekkja Azzjoni Prezz
Follow us fuq twitter, facebook u, Telegramma
Surf It-Taħlita Hodl ta' Kuljum
Iċċekkja l-Aħbarijiet Aħbarijiet Ewlenin
Ċaħda: Opinjonijiet espressi f'The Daily Hodl mhumiex pariri dwar l-investiment. L-investituri għandhom jagħmlu d-diliġenza dovuta tagħhom qabel ma jagħmlu kwalunkwe investiment f'riskju għoli Bitcoin, kripto-munita jew assi diġitali. Jekk jogħġbok kun avżat li t-trasferimenti u l-kummerċ tiegħek huma għar-riskju tiegħek, u kwalunkwe telf li jista 'jkollok huwa r-responsabbiltà tiegħek. The Daily Hodl ma jirrakkomandax ix-xiri jew il-bejgħ ta ’xi kripto-muniti jew assi diġitali, u lanqas The Daily Hodl mhu konsulent dwar l-investiment. Jekk jogħġbok innota li The Daily Hodl tipparteċipa fil-marketing affiljat.
Immaġni Ġġenerata: DALLE-2
Il-post Bitcoin and Ethereum Investors Are Not Flinching, US Pressure on Crypto Will Backfire: Chris Burniske deher l-ewwel fuq Il-Hodl ta' Kuljum.
Sors oriġinali: Il-Hodl ta' Kuljum