Quote from: Lucius on October 06, 2019, 01:21:18 PM

Quote from: https://twitter.com/fundstrat/status/1171848844394602497

This is un-related but shows White House can issue an executive order banning anything. And could even ban bitcoin. Not expecting it. But with current White House, there is nothing out of bounds nor out of reach

Quote

"Theres not enough legal and regulatory protection for bitcoin in the U.S. to prevent a White House executive order banning bitcoin, like nothing today would prevent bitcoin from being outlawed in the U.S."

I don't understand why he's so hung up on this. The flavored e-cigarette ban followed FDA reports that they cause lung disease and are killing people. It was an urgent public health concern. The optics around that are completely different from Bitcoin.

There also isn't enough legal protection for gold to prevent an executive order from banning it. In fact that's already been done before! So what? The Bitcoin market (the gold market too) is already pricing in this extremely unlikely risk.