Chamath Palihapitiya says: Crypto is dead in America

• Chamath Palihapitiya, a top tech investor and crypto bull, says that the supervisory authorities killed crypto in the United States.
• He notes that the supervisory authorities have directed their weapons on crypto, which emphasizes the regulatory uncertainty and the procedure against crypto companies.
• Palihapitiya said in 2021 that Bitcoin had replaced gold and predicted that BTC would rise to $ 200,000.

The Tech billionaire Chamath Palihapitiya, a long-time Bitcoin bull that once predicted that the price of the flagship cryptocurrency will increase to $ 200,000, and said that BTC has replaced gold, commented on the condition of the crypto industry in the United States.

er says the regulator The crypto innovation killed uncertainty in the country.

in comments that are divided via one Follow in all-in-podcast warnnate palihapitiya, that" crypto is in amerika dead . "

The statements of the risk initiator came a few days after the crypto industry had severely criticized the general prospects of cryptor regulation in the USA after the appearance of the Secept Chairman Gary Gensler.

According to the Palihapitiya, the supervisory authorities are largely responsible for the decline of crypto in the country, which emphasizes Gensler's comments that seemed to link crypto with the collapse of the Silicon Valley Bank. The blame for the latest banking crisis in the cryptos sector is that the US authorities have firmly directed their weapons on crypto, said the investor.

The US supervisory authorities have tightened their approach to crypto in recent months, with the crypto exchanges of coinbase, octopus and Bittrex.

While Brian Armstrong, CEO of Coinbase, recently said that the company could move if the regulatory environment does not improve, Bittrex plans to hire its US activities according to the CON COSTION of the SEC, citing regulatory uncertainties.

Coinbase also sued the SEC with the complaint against the agency in connection with a application application that the stock exchange submitted in July 2022.