Author isn't wrong, just missing the point which is that regulators and politicians of COURSE know how to crush Bitcoin. The issue is that the "powers that be"

Author isn't wrong, just missing the point which is that regulators and politicians of COURSE know how to crush Bitcoin. The issue is that the "powers that be" WANT crypto to succeed and that's why you're seeing the kind of regulation that legitimizes crypto instead of the kind that destroys it. Specifically: - the intelligence community loves crypto because it gives them more "digital trail" to monitor people and populations. - policymakers love the idea of a central bank digital currency (CBDC) because it provides fine grained monetary control. Everybody would love to see a federally backed stablecoin replace USDT etc. - the taxation authorities like crypto because it's a lot of net new revenue - millions of people are agreeing to tax themselves, and since transactions are all public, it's hard to hide. https://www.forbes.com/sites/stevenehrlich/2021/04/13/janet-yellen-bitcoin-and-crypto-fearmongers-get-pushback-from-former-cia-director/?sh=57cd7f4c9bb7 https://www.forbes.com/sites/stevenehrlich/2021/04/13/janet-...