"Is it true that the US administration will always talk bad about BTC?"
It is well known that the price of the mother of all crypto currencies Bitcoin (BTC) managed to reach $28,000 within nine months when investors began to see that the digital asset was already in a bullish movement.
However, speculation about the international payment system has spread as Chinese President Xi Jinping visited Russia to discuss risks to the status of the United States (US) dollar as the world's reserve currency following the banking crisis.
Reportedly, the meeting between Xi Jinping and Russian President Vladimir Putin was to discuss changes that will not be seen in 100 years.
It is widely known that the meeting between the two leaders took place when there were rumors that the US dollar had lost its strength in the global market.
The streak, Ripple (XRP) lawyer John Deaton said that the meeting between Xi Jinping and Putin will further tighten the US administration's efforts against BTC and other digital assets.
The following could result in the current administration putting more aggressive pressure on the crypto market following concerns about the dollar's status as the world's reserve currency.
In context, Russia has been isolated from the largely dollar-dominated international financial system due to its invasion of Ukraine.
As such, Russians are forced to rely on crypto and the Chinese Yuan currency for cross-border payments.
