.ptj_official voices concerns over the cryptocurrency's appeal amid decreasing inflation and mounting US regulatory pressure
seems to be navigating away from Bitcoin as a safeguard against inflation, suggesting that the flagship digital asset has lost some of its luster.
The main drivers behind his apparent U-turn are the current ebb in inflation and the relentless tidal wave of regulatory scrutiny.with CNBC's"Squawk Box," Jones revealed that he still maintains a small stake in Bitcoin, but its appeal has diminished somewhat. He expressed concerns over the U.S. regulatory apparatus, stating,"Bitcoin has a real problem because, in the United States, you have the entire regulatory apparatus against it."Nevertheless, the billionaire is not poised to completely sever ties with Bitcoin. For him, the cryptocurrency remains an intriguing asset class, with its allure stemming from the fact that its supply cannot be manipulated by human intervention.
With inflation having been on a downward spiral for a year, he implied that the Fed's victory lap might not be too far off, acknowledging the tightrope they have to walk in steering the economic ship.in May 2020, a move seen as a resounding endorsement of the leading cryptocurrency.
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