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I find it funny that we only talk about blanket bans and increased regulation when the poor start accumulating wealth. We saw this when GME was going through th
by sakopov 6y ago
I find it funny that we only talk about blanket bans and increased regulation when the poor start accumulating wealth. We saw this when GME was going through the roof and Lee Cooperman went live on CNN to bash retail investors. Similarly, when bitcoin starts trending up we have Ray Dalio talking about future crypto ban. Hedge funds really don't like this I take it. But I digress, a crypto ban would be disruptive to a very innovative tech (crypto speculation aside) in finance. However, regulation and taxation is likely a better approach not only for world governments, but also for taking projects like Bitcoin to a more sustainable and environmentally-friendly realm of operation.