Buy Bitcoin, End The Fed, Says Ex-Coinbase CTO Ahead Of FOMC

Bitcoin News: Balaji S. Srinivasan, former CTO of Coinbase crypto exchange who recently set a bet on the Bitcoin price to reach $1 million in the next 90 days, dropped his expectations around rate hikes before the crucial FOMC meeting. However, the global digital asset mark printed green indexes despite the fear in investors regarding the ongoing banking crisis.

Bitcoin Looks Calm; Fed In Chaos

Srinivasan suggested several improvements in the system as it looks broken to him. He highlighted that on the left, the market is in chaos over the Fed rate, however, on the right, Bitcoin is looking calm amid all the crises.

Buy Bitcoin And End the Fed, stated Coinbase Ex-CTO. He mentioned that one cannot plan for the future when the governing authorities are making it up. Recent chaotic graphs depict that the agency has no clue of what they are doing.

Mocking the agency’s attempt to calm down the banking crisis, Srinivasan marked it as the academic justification for political decisions. He further stated that the Fed is lacking in keeping the check and balances. However, if a sales guy misses a forecast of million dollars, the guy loses his job, while if the Fed misses a forecast of trillion dollars, there is no accountability check. Read More Bitcoin News Here…

Also Read: Crypto firms Turn to Swiss Banks After Silvergate and Signature Fall

As per the Former Coinbase CTO, the Federal Reserve has moved the rates in both directions so hard that they crashed the entire US banking system.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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