Bitfury CEO Brian Brooks believes that the Fed’s fiscal tightening is not good for Bitcoin’s price.
According to Brian Brooks, traders do not see BTC as an effective tool against inflation during times of extreme fiscal austerity. Therefore, HODLer may expect the BTC price to remain relatively low, at least in the short term.
In an interview on Aug. 29, Brian Brooks also criticized the U.S. SEC for its litigious handling of the crypto industry, saying regulators need to take it seriously and provide proper guidance rather than going to court.