Comparison of 2017 chain of events to 2023.
It seems that a whole new cycle growth begins with the government crackdown.
It is done in advance to try to minimize crypto exposure for the public, suppress inevitable growth of crypto when it enters a new cycle. The main concern for the governments and the banks is that with each growth, it causes millions if not billions all kinds of defi based financial activities, transactions outside of the traditional system, they cannot be controlled or stopped. It is the main concern for the traditional system that the crypto participants may begin incentivizing potentially criminal activities, even against the system itself.
It seems that a whole new cycle growth begins with the government crackdown.
It is done in advance to try to minimize crypto exposure for the public, suppress inevitable growth of crypto when it enters a new cycle. The main concern for the governments and the banks is that with each growth, it causes millions if not billions all kinds of defi based financial activities, transactions outside of the traditional system, they cannot be controlled or stopped. It is the main concern for the traditional system that the crypto participants may begin incentivizing potentially criminal activities, even against the system itself.
