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> A lot of people seem to underestimate the regulatory risk. I think you overestimate how much people visualize their future based on the degree to which someb
by jMyles 6y ago
> A lot of people seem to underestimate the regulatory risk.
I think you overestimate how much people visualize their future based on the degree to which somebody in Washington, DC approves of their choices.
People holding crypto aren't suddenly going to say, "Oh, the government that's already swirling the drain doesn't approve? I guess I'll move my assets back into a currency they control."
- notahacker 6y agoSure, cryptoenthusiasts can hold on to crypto all they want, but in a scenario where buying and using it is about to become incredibly difficult or even illegal, the value of Bitcoins isn't going up. Given the concentration of miners, I'd rate the Chinese government as potentially the bigger regulatory risk though...
- pavlov 6y agoI think you overestimate the number of Bitcoin buyers who are libertarian ideologues vs. pure FOMO investors.
- nradov 6y agoPerhaps the US government might fall someday. But in the meantime they still have plenty of resources to imprison you for money laundering, fraud, or tax evasion.