Crypto currency round the world has come to stay, to foster growth in business and build trust among its users but most world leaders are head bent on tackling bitcoin by making difficult policies to affect its stability, but little do they know that this policies of theirs make bitcoin to become more influential among other crypto ,making it scarce and the most sought after crypto currency thereby making the few people that have it to hod and inflate the price to which ever amount they wish to sale on peer to peer bases...what do you think
Well, you’re kinda correct. But I don’t think any one of us would like to be living in a country where the government has banned cryptocurrency. That’s not the kind of place I would like to live in. But whether they ban it or not, the price of cryptocurrencies will always grow. I think the governments are the ones that are losing in this case. And also because people can still buy and sell it by using peer to peer, so what sense is it going to make when they ban it?
My next reason for saying that the government is losing is this: when there is a law that allows the growth of cryptocurrency in the country, there will be companies that will get into it, and the ones that are already existing will expand to it, and that means more job opportunities and also growth, the government will as well receive taxes from these companies.