The analyst said that official Washington in the field of cryptocurrency regulation can really.
The general director of the investment company BKCM Brian Kelly, who at the end of 2018, when bitcoin fell to the level of $ 3.2 thousand, maintained a positive attitude towards its further dynamics (by the way, which proved to be true in practice), expressed his point of view about the potential of prohibitive official Washington’s actions regarding cryptocurrencies may fall – which will no longer look something surprising.
According to Brian Kelly, the US authorities, especially when it comes to the US Federal Reserve, can cause serious difficulties for cryptocurrency entrepreneurs, however:
“Given that cryptocurrencies have now become the same inalienable attribute of the modern world, the probability of their ban is equal to the same value as the probability of banning the Internet in the United States.”
Kelly also emphasized that more and more evidence is coming to the conclusion that representatives of the financial elite of the United States and other countries are beginning to get involved in bitcoin transactions, which makes the potential for prohibitive measures in a situation of general globalization insignificant. He also believes that the main incentive for investment in bitcoins by such players is the actions of the US leadership.
At the same time, Kelly agrees with the opinion of the famous investor Raul Pal, who believes that contrary to the aspirations of the US Federal Reserve, "for the first time in 30 years, there are signs of an uncontrolled growth of the US dollar against most monetary units in the world."
We are at the most important juncture in FX markets in my entire 30 year career. The dollar appears at risk of an uncontrolled rise.
Let me show you …
– Raoul Pal (@RaoulGMI) August 7, 2019
Brian Kelly also noted that if before the sharp vacation of the US dollar by the People’s Bank of China for a level of seven yuan, the currency unit of the Celestial Empire correlated with the price of Bitcoin, then after that Bitcoin went on an “independent voyage” and did not become cheaper to the US dollar, and on the contrary began to rise in price.
RMB and #bitcoin have been trading in lockstep for days proceeding the move above 7 https://t.co/GlmXeZQxoZ
– Brian Kelly (@BKBrianKelly) August 5, 2019
All this suggests that bitcoin, according to Kelly, has every chance of becoming a more attractive asset than even the rising US dollar.
Publication date 08/11/2019
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