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Cardano’s Charles Hoskinson Talks About Operation Choke Point 2.0 Founder of Cardano, Charles Hoskinson, recently spoke about the Operation Choke Point 2.0 summary shared by law firm Cooper & Kirk. In one of his recent live broadcasts on Twitter, Hoskinson spoke about how well Cooper & Kirk summarized the things that have been happening in the cryptocurrency realm. The document by the law firm also includes recommendations to Congress.Cooper and Kirk Choke Point 2.0 https://t.co/mdd0wRDaRr— Charles Hoskinson (@IOHK_Charles) March 28, 2023. Hoskinson summarized the document, highlighting the points mentioned by the law firm. Cooper & Kirk has put forward evidence indicating that the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (FRB), and the Office of the Comptroller of the Currency (OCC) are allegedly involved in a secret financial campaign aimed at the cryptocurrency industry.The firm contends that the recent failure of banks to accommodate cryptocurrency, the exclusion of cryptocurrency businesses from banking services, and the enhanced surveillance of the cryptocurrency market are not random developments but rather a deliberate and coordinated assault on the cryptocurrency sector. Hoskinson reads the document, stating that the pattern of events surrounding the closure of cryptocurrency-friendly banks is not random. He also spoke about how the law firm brought Operation Choke Point 1 to a halt.The document by Cooper & Kirk also speaks about how Operation Choke Point 2.0 violates certain rights and aims to bring down the cryptocurrency industry. It all began with the closure of cryptocurrency-friendly banks, followed by the tight scrutiny of the industry by regulators. This is evident by the recent lawsuit by the Commodity Futures Trading Commission (CFTC) against cryptocurrency exchange Binance. Source: https://www.reddit.com/r/ChainDaemons/comments/126hptg/cardanos_charles_hoskinson_talks_about_operation/

Pro trader says Bitcoin to dive to $13k before major rally as ‘financial crisis 2.0' unfolds Bitcoin (BTC), despite gaining slightly more than 70% so far this year, presently trading at roughly $28,400, is predicted to fall below $13,000 before another rally.The latest forecast comes from the Chief Market Strategist of InTheMoneyStocks.com, Gareth Soloway, who believes that in spite of the flagship digital asset’s current push towards $30,000, it will plummet to levels not seen since November 2020. The prediction also comes amidst recent bank failures in the United States, including Silvergate Bank, Silicon Valley Bank, and Signature Bank, and UBS’s takeover of Credit Suisse, formerly the second-largest bank in Switzerland.Soloway stated in an interview with Kitco News on March 29 that the ongoing banking crisis has resulted in investors pulling their funds from banks and investing in Bitcoin, contributing to its recent rally. However, he noted that as the financial system becomes more stable, Bitcoin’s value will decrease, potentially dropping to as low as $9,000 in 2023.“This is a basic financial crisis 2.0. We don’t know how bad this is going to get… this is like a Lehman moment potentially.”He added:“By the end of the year I think it will at least hit $12,000-$13,000. The basics of this are that number one we have to still wait for regulation so especially with the uncertainty. <…> Ultimately we have to remember that that you’re at a point where regulation is still keeping big money out and that people are still subject to absolute fear.”Bitcoin previously decreased in tandem with the stock marketSoloway correctly predicted the Bitcoin bottom in 2021, and his two decades of professional trading experience have made him a respected voice in the industry. He further stated that historically, Bitcoin’s value has decreased in tandem with the stock market during times of economic downturn. Therefore, if the S&P endures significant losses, Bitcoin will likely be caught up in the selling.He added:“If you look historically at Bitcoin, it has gone down when the stock market has gone down. If the S&P dumps as much as I think, Bitcoin will get caught up in that selling.”Despite his near-term bearish stance, Soloway remains a long-term Bitcoin bull. He believes that Bitcoin’s value will initially drop due to the ongoing banking crisis and potential stock market sell-off, but it will recover and continue its long-term growth trajectory.