re: TRUMP has come out against Bitcoin!

quote:

---

The US should be doing the opposite and embracing crypto

---

Nations are self-serving with regard to national interests. Control is basis of that service.

The US maintains the world's reserve currency. Perceived threats to that status could result in action.

Fair warning: China has opposing interests. You noted the CCP banning bitcoin for its citizens. It did. Why? Perhaps getting its own people out would be a logical proposition for a national manipulator to undertake.

If the US eventually acts against BTC, action will be based on money laundering. It is a reasonably presentable concern. As you've seen with the Biden international tax initiative, if the US moved against the digitals, other countries would likely tag along.

If you'd propose a banning environment would cause prices to do anything but collapse, you're living in a fairytale.

I'm not advocating against BTC. In fact, I rather like the potential to reduce cost of international currency exchange. Nor I'm not saying "These things will happen. Sell, sell, sell!" I am simply saying from a risk standpoint, it could.