There are volumes to what a lot of different European countries are looking to actually do when it comes to crypto regulation, as many politicians across Europe have been but, you know, this thing has similar messaging when you factor in the fact that Europe is a massive component to crypto success.
This is going to have a massive impact on cryptocurrency, but we’re going to be going ahead and talking about that in just a little bit. Here we also have the Florida governor Ron DeSantis, who’s actually getting his salary paid out in Bitcoin, by the way, saying that he wants to go ahead and ban all central bank digital curreies.
This is actually a fantastic thing for cryptocurrency, and the reason for that is that cbdcs actually pose a risk to cryptocurrency because they’re in indirect competition with them, while Ron DeSantis actually really likes Bitcoin.
So it makes a lot of sense as to why he thinks that Central Bank digital currencies are going to destabilise the crypto market and ultimately are not going to be in the best interest of you and me, so this is an incredibly exciting thing to see because, now, we have politicians in the US that are fighting back against a lot of the regulation that the Fed and other entities are trying to put forward and furthermore.
We also have the White House coming out and saying that President Joe Biden has confidence in the FED’s share price under Jerome Powell. Now, I will say a lot of people on crypto Twitter are memeing all over this, and for good reason.
I mean, if you go ahead and look at how aggressive Jerome Powell has been with raid hikes and how that’s affected all of the markets’ real estate, The stock market and cryptocurrency included, there are many reasons, of course, to be hypercritical of him, but his latest announcement, which is going to be coming in just a very short amount of time,
Today is going to say a lot more about this, and ultimately, it’s going to dictate where the markets are headed in the next couple of months. Many people are saying that Jerome Powell needs to lower BPS this hike here instead of actually putting it up once again, but we have yet to see what he’s going to be doing.
We can already see that Bitcoin is actually falling below 28 k as investors, and with the FED interest rate decision, many people very strongly believe that Jerome Powell is going to be raising interest rates, once again, which of course is why all of the bigger speculators here are selling off their Bitcoin in anticipation for a buying opportunity, because what generally happens when there is a hike is the prices go down.
If there’s another interest rate hike, Bitcoin is going to crash quite significantly, and I will say that’s going to be an amazing buying opportunity because, in the long term, it’s going to trend upwards, and that of course is extremely exciting now.
Overall, there’s a lot going on right now, but the summary is that we’re going to be okay in the long term, we have the right people in the right places, we have Rhonda Santis who is protecting cryptocurrency as a whole, and overall, worst case scenario, if the interest rates continue to go up, it’s going to present amazing buying opportunities, in my point of view, if the interest rates continue to go up, if the interest rates continue to go up, if the interest rates continue to go up, if the so we’ve got to look out for that.
