Haha!
Yeah like your currency eventually becoming worthless.
If they could shutdown Bitcoin, then it would have already happened.
I don’t know how Regulators in the U.S. expect to regulate a currency they do not control that is used world wide?
I’m maybe guessing, you are hoping it will go back up?
:)
According to Barron’s....”Contrary to the cries of doom and gloom, the lesson drawn from the 1997 Asian financial crisis, the 2008-09 financial crisis, and last year’s pandemic experience is that, when looking into the proverbial abyss, everyone wants dollars.... A Bank of International Settlements study of dollar-funding of non-U.S. banks concluded that the dominance of the dollar in international finance and the attendant policy issues are likely to endure.
The primary reason that crypto/Bitcoin is even thought of as money is because it says it is, ‘not because of its use’..... Its rival, as Fed Chair Jerome Powell noted, is with other non-interest-bearing assets like gold, not the dollar.
For all of its flaws, the greenback remains the most important invoicing and vehicle currency..There is simply no compelling alternative.