It's Time to React To The US Stance Wreaking Market Wreckage.
The current cryptocurrency market price may experience a downturn after Jerome Powell's speech some time ago.
A few weeks ago the crypto market also experienced a downturn due to the actions of Gary Gensler who managed various things in the crypto world.
Do you know why these people influence the cryptocurrency market?
And what has that actually done to the market so far?
Does their existence just change the inflationary thing about the crypto market?
Because, if we look so far, their existence can only undermine inflation in the market and increase that inflation throughout the history of cryptocurrencies.
Actually you can see and read various news about their career journey so as to bring them to their current position.
In the news that is widely spread that they have failed in several cases and it has tarnished their good name.
Jerome Powell's failure
We can see Jerome Powell's failure in September 2019, where the repo market crashed.
At that time short-term interest rates experienced a very sudden spike and had a very bad impact on the market.
The feed acts as quickly as possible by injecting funds of up to billions of dollars into the market to provide stability to the market.
Jerome Powell really, really failed in terms of predicting the crisis that occurred at that time.
It is now 2023 and inflation is still occurring, causing housing market prices in the United States to fall by up to 20%.
This indicates that is raising interest rates the only option we can have at this time?
Gary Gensler's failure
Before FTX collapsed, the SEC missed FTX, so they failed to anticipate the case.
At the moment Gary has been discussing several coins that he thinks are promising, such as BUSD, Binance, ETH and according to Gary maybe all securities.
Security and comfort are only owned by bitcoin itself without giving the slightest anxiety to its investors.
What steps will we take?
As long as the current president of the United States remains, they will also continue to work in their current positions.
Because, older officials and the senate will continue to function from their current performance.
Therefore, they will continue to raise interest rates as high as possible and that is the only option they can take.
Maybe the market price which is currently getting worse day by day will only recover if the major countries in the world leave the United States.
This will have a positive impact on the market, because at that time the market will carry out reforms to the financial management that has been distributed according to the dollar currency.