If you go on google Trends and look at the countries with the highest interest in Bitcoin its: Nigeria, Southafrika and Ghana!
If you look at what their search for bitcoin included youll be surprised! Top search last year was a song by Mr Benson called bitcoins.
Trends overall look like total disinterst, its probably the same people getting rekt over and over again and they still put their new money in just to get fkd again.
More KYC and AML this year will be a hard hit for crypto in general and i would like to see the seizure of multiple exchanges like Bitmex and Bitfinex to make the space more trustable as a whole.
Also bitcoin never had to deal with a financial crisis before and might be the biggest risk reward asset out there.
"Bitcoin Price 'Will Struggle' in Big Financial Crisis, Says Investor. A partner at venture capital firm Blockchain Capital says Bitcoin is a safe haven in the long run but it might not withstand severe crises."
As also pointed out bitcoin cant be confiscated per say but a seizure of exchanges in multiple countries and a trading ban, plus all node owners responsible for money laundring will drive the market down and in the next crisis bitcoin will be portrait as The public enemy No1.
The powerplay is still portraing bitcoin as an absolute negative to climate change and this card will be played mark my words.
Remember as more money flows into bitcoin it moves out of the healthy circulation and hodling is basically a form of money hoarding which is really not beneficial to the overall economy thats why there are negative interest rates being implemented to get people to buy stuff.
Conclusion: Bitcoin was a great invention , imho by an intelligence agency or a group of people that were contracted by them. If you study the history of the US gov involvement in Drug imports etc and cash illicit financing of all kinds of entities, it really only benefits shadow entities that do not want to move huge piles of cash, beyond borders. Never ment for day to day transactions only for a kind of "Proof of transaction" on the blockchain. Big slow illegal payments over buying a coffee any day.
Bitcoin was said to combat the fkd up financial system but as roubini rightly pointed out it has transformed into an even more unregulated and manipulated system where scams etc run rampant.
I am still highly interested in the argument that only XX percent of all crypto transactions are for illegal activities, but if you subtract all the trading im sure the REAL number would be staggering. You could even include the spoofing, washtrading, pump and dump group activities into the illegal percentage.
If the bitcoin system was made by a non govermental entity with a philantropic worldview in mind and did not think of all the bad things it would be the gateway for the creator was probably autistic, so it might have been craig wright after all lol
Peace out fkers no trading advice if you want to lose your money go watch tone vays
If you look at what their search for bitcoin included youll be surprised! Top search last year was a song by Mr Benson called bitcoins.
Trends overall look like total disinterst, its probably the same people getting rekt over and over again and they still put their new money in just to get fkd again.
More KYC and AML this year will be a hard hit for crypto in general and i would like to see the seizure of multiple exchanges like Bitmex and Bitfinex to make the space more trustable as a whole.
Also bitcoin never had to deal with a financial crisis before and might be the biggest risk reward asset out there.
"Bitcoin Price 'Will Struggle' in Big Financial Crisis, Says Investor. A partner at venture capital firm Blockchain Capital says Bitcoin is a safe haven in the long run but it might not withstand severe crises."
As also pointed out bitcoin cant be confiscated per say but a seizure of exchanges in multiple countries and a trading ban, plus all node owners responsible for money laundring will drive the market down and in the next crisis bitcoin will be portrait as The public enemy No1.
The powerplay is still portraing bitcoin as an absolute negative to climate change and this card will be played mark my words.
Remember as more money flows into bitcoin it moves out of the healthy circulation and hodling is basically a form of money hoarding which is really not beneficial to the overall economy thats why there are negative interest rates being implemented to get people to buy stuff.
Conclusion: Bitcoin was a great invention , imho by an intelligence agency or a group of people that were contracted by them. If you study the history of the US gov involvement in Drug imports etc and cash illicit financing of all kinds of entities, it really only benefits shadow entities that do not want to move huge piles of cash, beyond borders. Never ment for day to day transactions only for a kind of "Proof of transaction" on the blockchain. Big slow illegal payments over buying a coffee any day.
Bitcoin was said to combat the fkd up financial system but as roubini rightly pointed out it has transformed into an even more unregulated and manipulated system where scams etc run rampant.
I am still highly interested in the argument that only XX percent of all crypto transactions are for illegal activities, but if you subtract all the trading im sure the REAL number would be staggering. You could even include the spoofing, washtrading, pump and dump group activities into the illegal percentage.
If the bitcoin system was made by a non govermental entity with a philantropic worldview in mind and did not think of all the bad things it would be the gateway for the creator was probably autistic, so it might have been craig wright after all lol
Peace out fkers no trading advice if you want to lose your money go watch tone vays