Sam Bankman-Freed: The main reason for the recession in crypto markets is the Fed’s policy – Bits Media

– Fed policy – Bits Media />

The CEO of the FTX cryptocurrency exchange believes, that his business now depends on decisions, which the American regulator will adopt in the coming months.

Sam Bankman-Freed (Sam Bankman-Fried) stated in an interview with NPR, that the main driver of the recession in the cryptocurrency markets is the tightening of fiscal policy by the US Federal Reserve (FRS). According to Bankman-Fried, в силах FTX если не остановить спад на крипторынках, то как минимум затормозить его:

«Чувствую, что мы обязаны серьезно подумать о том, чтобы вмешаться, даже если это будет в убыток для. We must stop the spread of infection. Even if we weren't so closely involved with the cryptocurrency industry, I think, we should have done something, what will benefit the ecosystem".

According to the head of FTX, The main culprit of the recession is the Fed - due to its decision to raise the key rate by 0.75%, which is the largest increase since 1994 of the year. It had a domino effect, который добрался и до цифровых валют. Когда фискальная политика ужесточается, люди начинают распродавать свои активы, которые считают рискованными, говорит Бэнкман-Фрид:

“The markets are literally scared. People with money are afraid".

A businessman understands the difficulty of, what is the central bank trying to do?: Now the Central Bank is stuck between a rock and a hard place. However, now he and many other businessmen in the industry are waiting for new decisions from the Fed, to build a further action plan, говорит Бэнкман-Фрид.

Formerly CEO of the Coinbase crypto exchange, Brian Armstrong (Brian Armstrong) объявил о сокращении 1 100 человек персонала. According to him, во время подъема на рынках криптовалют биржа наняла слишком много сотрудников.