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This is historic! Now a country has BTC as legal tender, add to that the 700 B marketcap and the fact that it cannot be banned because nobody has enough politi
by Growling_owl 5y ago
This is historic!
Now a country has BTC as legal tender, add to that the 700 B marketcap and the fact that it cannot be banned because nobody has enough political capital to piss off millions of holders.
We are in a new era. The social messaging out there is BTC vs Central Banks and maybe we'll get to that fight someday in the future, but in the meantime BTC is cannibalising Gold which was always the go to option for Libertarians, Government haters and Central Bank critics and opponents.
In my opinion Central Banks have nothing to worry, at least with regards to BTC. By the time BTC takes all of gold marketcap it won't post the outsized returns that it has up to now (regardless of the deflationary protocol) and so people will stop rushing in.