Community Trust ScoreVerified
It is becoming increasingly evident that authoritarian governments and Western democracies are beginning to clamp down on Bitcoin.
Intense crypto regulation is set to come out of the US Treasury and the IRS (Internal Revenue Service)
It is very obvious that Millennials love private crypto and they think it is a great substitute for gold and that it acts as an inflation protector.
The interference of regulators in matters related to cryptocurrency and Bitcoin is obvious from the activities of China, which kicked out miners and banned private crypto. These kinds of activities are likely to catch up with other governments too. In the following years, the US Treasury and the IRS might intensify their regulatory approach.
Community response to the perception: Western governments are starting to resemble CCP and are becoming authoritarianist. But hey, when people start rioting and destroy banks I will have comfort knowing no one can seize my bitcoin. I can flee the country to anywhere and keep my money. Mercy of disgruntled public.
It’s funny how we have FUD waves from time to time.
Yes, they will. First it will be on the basis of keeping “criminal money” from being hidden from their sight, and then they start to TAX it. We all living in America.
The harder the clamp down, the more bitcoin’s narrative gets reinforced, think trying to put out fire by fanning air, it only makes it stronger.
Regulation is one thing to be fearful about price action. It’s another reason to realise that a premium-buying attitude and “buy the dip” mentality still exists among BTC buyers.
This will depend on just how much the wealthy people in power can profit while denying it for ordinary citizens.
With cryptocurrencies no inflation is dangerous for us. We will overcome everything. Now this is really the best way to protect yourself from inflation
The weak are afraid of failure, the strong regard failure as experience.
Of course, something that is not in their interest and don’t make profits for them, is “bad”.
If there were some legal regulations Crypto wouldn’t be a problem at all. I have a strong belief that this will not change soon.
When billionaires see that we the kids and young people will take over, they begin to panic and cause most of us retail investors to panic out.
Because more crypto investors are using exchanges, far more than the number of customer accounts registered with banks, customers are pulling a lot of money out of banks, hurting some people’s profits.
