Bitcoin has been known now globally and other countries are trying to slow down the inevitable bitcoin as future money. Yes, government do afraid of bitcoin consumption fear of getting their people into which believe that bitcoin is scam.
Well, let bitcoin transactions talk and not the people that are good for nothing scrutinizing bitcoin. If we will make a scanning on the blockchain, millions of dollars worth of bitcoin has been has been transacted everyday which means that bitcoin is something they try to avoid but they can't stop the people in using bitcoin.
So why bitcoin as future money?
We had been already having enough the issues of centralized currency. Banks made abuses of their clients which is a complete difference when using bitcoin as decentralized currency. Whether they like it or not people will always chose what's best for them and that bitcoin is worth it to try.
I am not saying that centralized currency should be remove instead I am trying to emphasize the freedom of an individual to use whether bitcoin (decentralized currency) or stable currency (centralized currency like dollar).
Again, government trying to slow down bitcoin and other cryptocurrency but they can't stop people having faith in the future money which is currently happening now in the present.
Am I right? What do you think?
Agreed.
People brought bitcoin to where it is today... it is the support of people that has made bitcoin grow to where it is now and has made it attractive to organizations and more recently governments.
And yes, way too many people are invested now with way too much money and the developed nations recognize at this point that an outright ban is neither feasible nor wanted.
Ultimately we are going to see these countries regulating bitcoin a lot further than it is currently, but in the long term this will just make it a viable investment asset for very large players that are currently avoiding this space becasue of lack of regulation as compared with other asset classes.
