In the US, it was proposed to ban the Fed from issuing its own digital token, which hinders the development of BTC
Texas Senator Ted Cruz has introduced a bill that would ban the Fed from issuing its own digital coin to retail customers. The politician believes that his initiative will prevent the authorities from using the digital asset to spy on citizens.
According to the senator, it is necessary that the policy of the US government in the context of digital currencies protect the privacy of users and promote the development of technology. Unlike, for example, bitcoin, the cryptodollar can become a tool for spying on the operations of individuals, the politician fears.
“The federal government does not have the right to unilaterally establish a central bank digital currency. This bill is designed to ensure that the authorities do not try to centralize or control cryptocurrencies, but rather allow them to flourish in the United States. We must empower entrepreneurs, not stifle their financial freedom,” said Cruz, whose initiative was supported by several other senators.
Analysts at Goldman Sachs consider BTC the best asset of the year. They noted that the cost of bitcoin against the background of other large assets for an incomplete quarter had shown the most serious growth.
In absolute terms, the exchange rate of the main crypto coin has increased by 51% since the beginning of 2023. The price of BTC has crossed the $28,000 mark. Experts expect that bitcoin will continue to grow. Goldman Sachs also believes that the value of the first cryptocurrency is increasing against the backdrop of a likely easing of monetary policy by the Fed in the near future.
And Real Vision CEO Raul Pal predicts bitcoin will rise to $50,000 this year. According to him, excellent conditions have now been created for BTC, like gold, to acquire the status of a defensive asset. And this will contribute to the growth of the value of the cryptocurrency in the near future.
“I think the number of price slippages will be noticeably greater than people expect. Therefore, up to $50,000, the price of bitcoin can reach faster than most people expect. This year or within 12 months? It is quite likely,” said Raul Pal.
He also stated that the interest of large investors and ordinary people in digital assets will grow.
