Speaking to Bloomberg Technology cryptocurrency Jesse Powell, CEO of the Kraken exchange, evaluated Bitcoin prospects and the US government’s Tornado Cash sanctions.
“I’m Still Optimistic In Bitcoin!”
Bitcoin (BTC) Explaining his expectations about Bitcoin, Powell stated that he is still very optimistic about the price of Bitcoin.
Saying that BTC turned the declines into opportunities, Powell said it was worth $18,000. bitcoin received and BTCHe said he would continue to take a long-term view.
However, stating that the prediction that a Lamborghini can be bought with one BTC for the end of 2021 did not materialize, Powell cited the events in the macroeconomic environment as the reason.
“Honestly, I didn’t anticipate that all this madness in the macroeconomic environment could happen.
But I still have hope that by the end of the year a Bugatti can be bought with one Bitcoin.”
“Tornado Cash Sanctions Was A Hasty Decision”
Cryptocurrencies mixing service Tornado Cash He was subject to some sanctions by the US government.
Matching the US government’s sanctions on Tornado Cash, Kraken’s CEO said he found the government’s response excessive and too hasty.
Jesse Powell went even further, and the U.S. Treasury Department’s Tornado Cash He stated that actions to shut down the crypto mixing service may be unconstitutional.
“People have a right to financial privacy, and many who were not involved in illegal transactions were also using this service.”
Tornado CashStating that the inclusion of .
“So far, there has been no negative situation that has reflected on us. However, due to sanctions, we will prohibit withdrawals to any Tornado-related address and possibly freeze all funds from a Tornado address.
These are difficult days and difficult issues. Because we know what happens in Canada during the winter months. It is one of our biggest fears that these things will happen in the USA.
I hope it will be an environment where people can spend their money however they want.”
As it will be remembered, the US government first imposed sanctions on Tornado Cash addresses on August 8. An alleged Tornado Cash developer was also arrested in the Netherlands on 12 August.
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