Bitcoin will be banned the moment it becomes a nuisance to the Great Reset shot-callers.
Propaganda ads: “Only terrorists, gangsters and drug dealers use crypto-currency in secrecy. Honest citizens only use government-approved digital currencies!”
It will be a felony crime in every bank-connected nation to buy or sell bitcoin and other crypto without govt. approval and full tax reporting etc.
Because electronic financial transactions involve multiple parties, you will never be sure how the other sides are reporting the transaction to the govt “according to the law.”
Stings will be widespread. A few examples of “crypto criminals” being given prison terms, and bitcoin will be as dead as the dodo bird.
“But if I have my secret coded key, maybe if I fly to Paraguay I can access my account in secret!”
Good luck with that.
Thoughts on above?
That ship has sailed.
The tax revenue potential far outweighs the bad.
Less than 3/10’s of a percent of Bitcoin transactions are for illegal/ransom issues. If you want to screw up illicit activity, ban the $100 bill.
Probably will come true. AS is, the wealthy use bitcoin to launder money, but the second it becomes a patriot tool it will be banned.
With BTC approaching a trillion dollar market cap, I guarantee "they" are already deeply concerned. But they need world totalitarian government before they could coordinate a ban that could possibly be effective. BTC will neutralize them before it can happen.
The ONLY thing BTC has to do to win it all, is to keep gaining value against the failing fiat currencies. The current financial syndicate has no defense to a $200K Bitcoin. If the syndicate can't kill a $50K BTC now, it for damn sure can't kill BTC at four times the price.
BTC is the gray goo of money. Some of you will get that.
Bitcoin is a digital age tulip.
Governments hate competition- could outlaw Bitcoin. Also, if a company like Amazon offered a digital token, that was exchangeable into a commonly used service, like aws storage,
Bitcoin would go to zero.