US President Joe Biden last week cryptocurrencies signed an executive order.
Biden’s executive order in the cryptocurrency industry It was welcomed by the names, and this was considered a good sign for cryptocurrencies.
“US Preparing to Disable Bitcoin (BTC)!”
In the face of positive comments, some experts say that Biden’s executive order is actually digital dollar the United States, which is preparing to Bitcoin thinks it’s a move to disable it.
David Woo, former director of research at Bank of AmericaHe said that Joe Biden’s executive order was misinterpreted, in fact the US Treasury Department is preparing to disable Bitcoin and issue a digital dollar.
The US’s digital dollar issuance movement bitcoin Pointing out that this is a negative step for the company, Woo used the following statements in his statement:
“When every central bank issues its own digital currency, what will we need Bitcoin for, why do we need a competitor?’ They will start asking questions.
In this context, any positive arguments you can currently make for Bitcoin will soon disappear.”
Evaluating Biden’s executive order Christine Lagarde, president of the European Central Bank He stated that he welcomes the US to work on cryptocurrencies.
*Not investment advice.