Chamath Palihapitiya, a Tech billionaire, has a far more cautious outlook on cryptocurrencies today than he had two years ago when he said that bitcoin has replaced gold and forecasted that it will rise to $200,000 in value.
In the most recent episode of the All-In podcast, Palihapitiya declared that "crypto is dead in America."
Palihapitiya's remark was in response to the report that cryptocurrency exchange Coinbase is now considering a move offshore. The chairman of the U.S. Securities Exchange Commission, Gary Gensler, was singled out for criticism by the speaker:
“Crypto is dead in America. I mean now you have Gensler even blaming the banking crisis on crypto — so the United States authorities have firmly pointed their guns at crypto.”
Related: Hong Kong will be the new centre of Cryptocurrencies: Kaiko CEO
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First found on: Is crypto dead in America?
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