Lately all we hear in the news now is that bitcoin is going to be banned by this government and that government.

However will that actually ever happen? I feel like we have down this road in the past... Anyone recall China ?

India recently went on the ban wagon themselves and Iran but both have now come back saying that wont happen and Iran even gave the go ahead to mine bitcoin.

Now we turn our attention to the untied states and all the talk about IRS and banning again. I feel like we are instead going to be looking at a crack down but never a ban. The crackdown will be you better damn well be sure you are reporting your taxes for cryptocurrency.

In that respect you should have been already if not you better get your ares in gear lol. However this also brings me to a new point.

While this looks all scary and crap right now and will most likely cause prices to come back down to $7,500 levels like we should of been 2 months ago it does actually start o build bitcoin and crypto into a more legitimate and possible global currency.

I think you where fooling yourself in believing that bitcoin was anti government etc. and instead we actually need the regulations and taxing issues to be worked out for it to finally really be used and considered as a global currency.

Anywho quick post today there seems to be a rather boring day here in crypto land. Keep stocking up :D