The major governments of the world have for some time been laying the groundwork for their own national cryptocurrencies. Does that matter? Yes, it matters a lot. Bitcoin will be a direct competitor.
Any Proofs about this ? While other countries think that Bitcoin is a competitor of their currency , other countries see this differently so Please be guided on that matter.
Why do they do this? To remain in financial control and to stop financial crime like whitewashing of funds from happening. Is it likely to happen? Yes, the US banned holding gold privately in the 1930's. So that the US government was to be a monopoly gold holder in the US.
Well Don't make US as an Example because of course They will always Look for Dollar welfare but does the situation really favors them now?
There is a clear danger that the US, Europe, China, Japan and others will get togheter and flat out ban and even criminalize the usage and holding of Bitcoin. Resulting in after the ban, if you are cought using and holding BTC, you would get a huge fine or jail term.
|Lol Japan? Europe ? China? maybe they will not support Bitcoin But they will support other coin that in the end will favor bitcoin still.