Wall street journal

Ahem | Bans & Seizing of Crypto

By Bayarizard | Ahem | 29 Jun 2020


*Ahmhmm*

Forbes recently wrote an article downplaying President Trump's ability to ban or seize Bitcoin ¹.

Since businesses & consequently the economies & communities they serve are linking to digital currencies, the chances of something like this happening while Bitcoin is at current prices is low, but let's ponder for a moment what would happen the month Bitcoin breaches USD$100,000 for the second time and doesn't stop rising.

That's obviously the dream for many Hodlers, but fomo will set in for those left on the sidelines who assumed the naysayers were correct in the "Tulip Mania" label,  or "Bitcoin is backed by nothing & simply another bubble waiting to burst." -- Bitcoin rockets to $200,000 in half the time it did to rise to the first six figures.

These countries GDP would consequently skyrocket, as would tourism & trade.

Cost to mine Bitcoin

Scams by opportunists would again arise & proliferate, ICOs will again make overnight millionaires & billionaires, IEOs would be started & funded by the average Hodler of today's average Blockfolio worth.

Then ... the countries that were left out will try to fomo in, and sacrifice everything to get there, which can quickly lead to violence, massive human & drug trafficking and even Cyber wars.

I don't want to think about the advent of a global war, but as hinted in the Forbes article ¹, President Roosevelt did seize the populace's Gold and imprisoned those who resisted, to help fund the war effort ².

Just a thought though.

Let me know what you think. Is Bitcoin headed lower before the moon? Is 2020 its year or 2021? Can your Crypto be seized? ... and as always, don't forget to sign up, so you too can write articles, earn and send tips all for free with Publish0x.

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Bayarizard
Bayarizard

A Crypto Activist StakeHodler trying to stabilize and grow the digital asset space one post and investment at a time. Instagram, Twitter & Pinterest: @Bayarizard


Ahem
Ahem

Calling your attention to introspective musings & ideas about the future if the world functioned as One Economy [Ö].

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