Home » General World News » OF COURSE governments won’t give up control of money – that’s why crypto is crashing

OF COURSE governments won’t give up control of money – that’s why crypto is crashing





Crypto market cap

  • One reason people are selling out of bitcoin is because governments are moving against cryptocurrencies.
  • The promise of bitcoin is that it’s anonymous and secure and the government can’t touch it. That promise is unfulfilled.
  • Governments are not going to stand idly by while people replace or abandon fiat currency.
  • That’s why cryptocurrencies will always be weak credit tokens compared to cash — governments may be annoying but they aren’t stupid.

The total market cap of all cryptocurrencies, including bitcoin, stood at $531 billion just before the weekend, down from $830 billion at it’s peak. That’s a drop of about 36% in read more >>>

Source:: BusinessInsider.Com

Comments are closed.