SEC’s Attack on Stable Currencies Could Boost Bitcoin and Ethereum

02/15/2023 11:52 • Tech Ticker • 125 views

According to reports, Ran Neuner, the host of CNBC, said on social media that if the US Securities and Exchange Commission attacked all stable currencies supported by US dollars, more than US $100 billion would be forced to withdraw from the market or turn to other encrypted assets. Investors may not withdraw, so funds may flow into Bitcoin and Ethereum, causing a huge surge. When they attack us, it makes us stronger.

CNBC host: If the US SEC attacks all stable currencies supported by US dollars, more than US $100 billion will be forced to withdraw from the market or turn to other encryption assets

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CNBC host, Ran Neuner, recently took to social media to discuss the impact of a possible attack by the US Securities and Exchange Commission (SEC) on stable currencies supported by US dollars. According to him, such an attack could force more than US $100 billion to withdraw from the market and push these investors towards other encrypted assets or towards withdrawing completely.

In times of such uncertainty, investors often seek refuge in assets with higher returns and less volatility. While some may exit the market altogether, many others may seek to invest in cryptocurrency – particularly in Bitcoin and Ethereum – due to their increasing popularity and relatively stable prices compared to other digital assets.

Neuner’s assertion is backed by the fact that investors have turned to Bitcoin and Ethereum in the past when traditional markets have been threatened or under attack. This was particularly evident during the global financial crisis of 2008 when many investors moved their funds from traditional investments to alternative ones such as cryptocurrency.

Cryptocurrency has gained popularity over the years due to its decentralized nature and the limited number of coins available in circulation. This means that unlike traditional currency, the value of cryptocurrency is not influenced by monetary policies or central banks. As more people become aware of its potential value, the demand for crypto assets is likely to increase significantly.

The SEC’s attack on stable currencies is likely to ignite the demand for Bitcoin and Ethereum as investors seek to protect their assets amidst the uncertainty. This could result in a surge in their value and attract more investors to the crypto market. The surge in demand could further push regulators to look more closely at this burgeoning industry, especially given the recent growth in decentralized finance (DeFi) platforms.

In conclusion, the SEC’s attack on stable currencies supported by US dollars could lead to a shift towards cryptocurrency, particularly Bitcoin and Ethereum. This could benefit investors who have already invested in these assets, but could also attract new investors who want to diversify their portfolios. It remains to be seen how the SEC will respond to this potential shift, but the growing popularity of cryptocurrency suggests that it may be here to stay for the foreseeable future.

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