US Senator Elizabeth Warren Calls Crypto A New Threat; Wants To Stop It

It has been revealed that US senator Elizabeth Warren calls crypto a new threat that should not be allowed to continue. Check out the latest reports about this below.

Here is what Watcher Guru posted on the social media platform X:

JUST IN: US Senator Elizabeth Warren says “there’s a new threat out there, it’s crypto” and “we can’t allow that to continue.” pic.twitter.com/FYjZYhH8q2

— Watcher.Guru (@WatcherGuru) December 7, 2023

The other day, we revealed the fact that the CEO of JPMorgan, Jamie Dimon, said that he would close down Bitcoin if he were the government. Check out the latest reports about this below.

Here is the tweet in which you can see the video of him hating Bitcoin:

JUST IN: JPMorgan CEO Jamie Dimon says he would “close down” #Bitcoin & crypto if he were the government.

“The only true use case for it is criminals, drug traffickers, money laundering, tax avoidance.”pic.twitter.com/UMBzuYPb59

— Watcher.Guru (@WatcherGuru) December 6, 2023

It is important to note the fact that Twitter posted the following message: “Less than 1% of the trillions transacted annually in crypto are illicit. The UN estimates that annually between 2% to 5% of global GDP ($800 billion – $2 trillion) is used for illicit activities and money laundering through the traditional banking system and cash.”

In other recent news, according to a report by CryptoQuant, Bitcoin (BTC) could potentially surpass $50,000 in early 2024.

The report suggests that the price range of Bitcoin in the early months of next year could be between $50,000 to $53,000.

This prediction is based on an analysis of user activity, market capitalization, and transaction volume, and utilizing the Metcalfe price valuation band metric.

“Bitcoin may be targeting $50,000 to $53,000 based on the network activity valuation perspective,” CryptoQuant said.

Regarding Bitcoin’s price today, at the moment of writing this article, BTC is trading in the red and the king coin is priced at $43,382.