After Russia’s invasion of Ukraine, global markets were affected and oil prices and inflation rates had reached levels not seen for a long time. In such an environment bitcoin and Ethereum It is important to understand how cryptocurrencies such as cryptocurrencies are progressing.
However, governments and financial institutions around the world are debating whether to ban cryptocurrencies. In addition, discussions continue about the realistic price targets of these crypto assets for the long term.
“I Don’t Like The BTC Ban”
Millionaire investor Kevin O’Leary talks about Bitcoin and other cryptocurrencies in an interview with Kitco News. cryptocurrencies He claimed that there was no longer any danger that he would be banned:
“I do not believe that Bitcoin and other assets that are likely to be successful in developing new technologies for financial services and payment systems will be banned.”
There Are Those Who Think A Bitcoin Ban Is Possible
Contrary to O’Leary’s statement, Roy Niederhoffer, venture fund manager and founder of RG Niederhoffer Capital Management, stated that the possibility of a ban for BTC has not completely ruled out.
Niederhoffer reminded investors that even gold was banned by citizens in the United States for a period:
“The possibility of Bitcoin being banned has not been reset. In many countries, including the USA, there were periods when gold was prohibited in the past. However, for BTC to be banned, global conditions must be in chaos and there must be a hyperinflation situation that will cause BTC to appreciate even more. For BTC to be banned, there must be a time period when people will definitely want to buy BTC.”
*Not investment advice.