You may be right. And under the original circumstances I would agree with your view. What has changed? Quite a lot, not the least the fact that Bitcoin already de facto is part of the system, fully controlled. Check the graphs and especially the corrections when it reaches a certain level.
Sometimes you need to allow a product to reach a certain interest, in order to smack it down for good. (think Nixon: we will defend the Dollar against the speculators)
Even if they block exchange access in the US, there will be international exchanges we can use. There are decentralized exchanges... there are many ways to convert crypto into fiat w/o even using an exchange.
There are far too many untraceable (no KYC) ways, for them to ever truly enforce any law with it.
It can't, and will never be stopped. The only thing that can stop bitcoin is a mass extinction level event on the planet.
You do realize Bitcoin has dropped like this over 6 times in it's history... and it has ALWAYS followed with new all time highs?
This is normal bitcoin cycle...
in 3 years it will be worth over $100,000... and nothing can stop that from happening.
I hate to break your heart tho.
You may be right. And under the original circumstances I would agree with your view. What has changed? Quite a lot, not the least the fact that Bitcoin already de facto is part of the system, fully controlled. Check the graphs and especially the corrections when it reaches a certain level.
Sometimes you need to allow a product to reach a certain interest, in order to smack it down for good. (think Nixon: we will defend the Dollar against the speculators)
There is nothing “they” can do… To destroy bitcoin….
Why?
There is nothing anyone can do to stop bitcoin.
Even if they block exchange access in the US, there will be international exchanges we can use. There are decentralized exchanges... there are many ways to convert crypto into fiat w/o even using an exchange.
There are far too many untraceable (no KYC) ways, for them to ever truly enforce any law with it.
It can't, and will never be stopped. The only thing that can stop bitcoin is a mass extinction level event on the planet.