Have you heard that the 'hawk king' of the Federal Reserve, Kashkari, has made such biased remarks about Bitcoin and the entire crypto market? 🤔 He claims that cryptocurrency transactions rarely happen and that Bitcoin is only used for purchasing drugs and illegal activities! But is the truth really like that?
Imagine you are standing in a bustling market, and suddenly someone shouts, 'Look at those cryptocurrency users, they are all criminals!' What would you think? Doesn't it seem a bit absurd? After all, in this diverse world, we cannot dismiss an entire group or technology based on isolated incidents.
However, this senior official from the Federal Reserve did say so. But what are the facts? Blockchain reports indicate that illegal transactions in cryptocurrency accounted for only 1.29% at its peak, and in 2023, it dropped to 0.34%! This raises the question: Kashkari, do you really understand the crypto market?
Cryptocurrency experts are not buying his claims. Nic Carter, a partner at Castle Island Ventures, directly responded on Twitter: 'Making such mistakes should be illegal!' Hailey Lennon, a partner at Brown Rudnick, also joined the criticism, pointing out that legitimate projects in the crypto space have the most advanced anti-money laundering policies, and physical cash is the preferred method for funding drug trafficking and illegal activities.
This is not the first time Kashkari has made biased remarks about cryptocurrency. He has long been skeptical of Bitcoin, even comparing it to 'Teletubbies' and 'a giant dumpster.' But can such statements truly represent the reality of the crypto market?
In fact, the crypto market has been striving to shed such misunderstandings and prejudices. It is not just a tool for illegal activities but a vibrant and innovative field. From decentralized financial applications to the widespread use of smart contracts, the crypto market is continuously changing our world.
So, when we hear someone making unfounded accusations against the crypto market again, let's take a moment to reflect and question. After all, the truth often lies at a deeper level.
In this age of information explosion, what we need is rational and objective analysis, not blind following and prejudice. Let's explore this crypto world full of infinite possibilities with a more open mindset!
🏷️ #加密货币之王 #加密市场 #比特币政策 #智能合约 #非法交易
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