In the West far more attention is paid to the US as regards crypto, but China and Asia in general are the ones buying.
A US in turmoil not good for crypto
With the US debt pile increasing rapidly from its current impossibly sized $32 trillion on which $1 trillion interest needs to be paid annually, and a government and its financial watchdogs trying their best to suppress and close down crypto companies, this cannot be the best jurisdiction to support the crypto industry.
The US debt cannot be funded, and the Federal Reserve pushing up interest rates will only serve to close smaller businesses and put American people out of work. The crypto industry would create jobs, but it appears that this US administration does not want them.
A recent downgrade of the US by the Fitch ratings agency would suggest that the cat is out of the bag and the craziness of US economic policy, and the ineptness of its government is being called to account.
Jamie Dimon, CEO of JP Morgan, and obviously a staunc
We współpracy z: https://cryptodaily.co.uk/2023/08/china-is-far-more-important-than-us-for-crypto-sector
