British crypto investors holding bitcoin are better off than U.S. counterparts who denominate their holders in the stronger Dollar.
As the pound sinks ever lower crypto investors in the U.K. get some respite from their losses.
"New Chancellor Kwasi Kwarteng’s tax-slashing, deficit-ballooning Budget — let’s call a spade a spade — was met with a mixture of surprise, incredulity, and downright bafflement by financial markets, particularly as the full extent of extra borrowing required to fund the largest tax cuts in 50 years became clear," Michael Brown, head of market intelligence at Caxton's, wrote on Monday.
SBF previously said at the SALT conference at the beginning of September that this is"the year of policy change," noting that monetary policy, a strong dollar and inflation are the primary price drivers in crypto this year.
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