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Popular Tech Investor Chamath Palihapitiya Says ‘Crypto Is Dead in America’
In the latest regulatory developments taking place in the United States, popular tech investor Chamath Palihapitiya shared a very cautious move about crypto assets. Over the last few years, Palihapitiya has been sharing bullish views about Bitcoin stating that it has replaced gold and that the BTC price would shoot to $200,000.
Chamath Palihapitiya and His Opinion on Crypto
During the latest interview on the All-In podcast, the tech investor blamed the demise of crypto on US regulators. The regulatory action in the United States has recently turned a lot more aggressive following the collapse of the crypto exchange FTX in November 2022. Since then, the US SEC has been going hammer and tongs after SEC chief Gary Gensler stating that crypto firms should strictly abide by the securities laws.
Interestingly, during his recent testimony, Gary Gensler blamed crypto as the reason behind the recent bank
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