I was going to pop champagne corks into the faces of my new southern neighbors. Now it appears I will be forced to gnaw off my arm limbs, in order to hold up my end of the bargain — which was to eat off my own arm on Instagram live if BTC didn’t break record highs this year.
During today’s testimony, Powell said Facebook’s planned crypto was a giant piece of shit and it was a threat.
In testimony to Congress, the Fed chair said Facebook’s proposal raised “serious concerns regarding privacy, money laundering, consumer protection and financial stability” that will need to be “thoroughly and publicly addressed” before the social media giant could go forward with the project.
Powell added that it is not the central bank’s intention to discourage financial innovation. “We just want it to take place in a safe and sound way,” he said.
Bottom line: BTC is down more than 10% for the day and the crypto-fags are getting BOGGED the fuck out. What are we gonna do!!!!?If you enjoy the content at iBankCoin, please follow us on Twitter