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How long will people be able to keep buying Bitcoin though? There's a lot of hoops already. For instance, Cash App (at least recently) required you to upload a
by sterlind 6y ago
How long will people be able to keep buying Bitcoin though? There's a lot of hoops already. For instance, Cash App (at least recently) required you to upload a photo ID in order to enable transfers. They make it easy to invest in, but hard to use as a currency.
I can imagine the US, at least, moving towards a future where Bitcoin is allowed as a financial instrument, but transferring to a wallet you control requires background checks and waiting periods like firearms. Either due to pressure from governments, credit card processors, or both.