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re: TRUMP has come out against Bitcoin!
Posted on 6/7/21 at 12:44 pm to lsu777
Posted on 6/7/21 at 12:44 pm to lsu777
quote:Nations are self-serving with regard to national interests. Control is basis of that service.
The US should be doing the opposite and embracing crypto
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.
Posted on 6/7/21 at 1:01 pm to NC_Tigah
quote:
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.
absolutely. Im not a bitcoin is going to change the world guy.
my point is that it is in the US best interest to get in front of the coming crypto age and be the leader rather than risking the control that the dollar currently has.
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