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RE: Can Governments really Ban Bitcoin?

in LeoFinance4 years ago

Yep, very good points. It's unfortunate that this is even a part of the decision on whether to invest or not. The good news is that as more and larger players come into the space, it makes it harder and harder to ban and of course I am sure they will likely do their part in trying to get those in power that are good for their investments, IE good for crypto.

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I find your assessment is correct, though I don't have the financial background to prove it. I only started paying attention to crypto since I've been on Steemit/HIVE. I feel that if the world views crypto as a stable currency then it just becomes another form of payment. If it becomes a dominant form of payment, however, the governments will take action or develop competitive currencies of their own. My money is on development of alternative cryptocurrencies first.

My hesitation in investing in crypto, though, was only possible with the offering of a writing community. I never knew about the debate over government takeover or regulation of crypto.