Speaking with Fox Business, Charles V Payne, discussed with the author of “Undressing Bitcoin” and consultant Layah Heilpern, gave her thoughts on the Bitcoin network and the digital asset’s adoption in the current climate. According to Heilpern, Bitcoin is “too big to ban” despite whatever the United States decides to do regarding regulating the cryptocurrency market, she said. The author added:
The Fed and quantitive tightening
Most notably, there has been a great deal of interest in the Federal Reserve (the Fed) and its quantitative easing (QE) policies, as well as how these proposals are impacting the price of Bitcoin. Although there has been a significant decline in value, Heilpern does not believe that QE policies have been the primary reason for the gradual drop in the price of Bitcoin since the start of this year. Instead, she noted the current geopolitical situation between Ukraine and Russia, she said: Also, some nations have lifted regulations on Covid, while others haven’t, and due to the fear, uncertainty, and doubt that has resulted; a fair amount of investors have sold their investments. Recently, Finbold highlighted that as a result of a number of variables that have affected the price of the flagship digital currency, almost 30,000 Bitcoin millionaires have been wiped in the last three months. Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
