“The Fed is closing the exits,” Srinivasan opined, referring to Kraken’s recent decision to pause ACH transfers. OperationChokepoint Bitcoin Crypto
about the alleged mission and said he warned about chokepoint a month ago. “I didn’t think in a million years they would go 100x further and actually take down the top three crypto-facing banks,” Carter said. “It’s breathtaking. And this wasn’t an accident. It was a demolition.” He also wrote a comprehensive
about the subject on Pirate Wires. The post details “the Biden administration’s coordinated, ongoing effort across virtually every U.S. financial regulator to deny crypto firms access to banking services.”: “The U.S. imposing capital controls means they are afraid for the dominance of the USD. The [U.S. dollar] is being eroded from [three] sides: Bitcoin’s fixed supply safe haven, inability/unwillingness to stop printing trillions , [and] BRICS scaling non-USD trade.
hyperinflation is happening now and believes bitcoin can reach $1 million per coin in 90 days. Srinivasan also agrees that access to crypto is closing., referring to Kraken’s recent decision to pause ACH transfers. “They can’t do so globally. There are now enough banks outside Fed control. But if you’re within the broad West … You may only have weeks or even days. Buy bitcoin and get your coins off exchanges.
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