Quote from: Desmong on Today at 01:40:26 PM

Quote from: PetraGold on Today at 10:28:54 AM

hearing on the digital dollar two weeks ago was not only a public exploration and introduction to the concept a central bank-backed digital currency, the hearing was also used as a platform to publicly assassinate the viability of the private (“bogus” in the words of Senator Warren) cryptocurrency market (bitcoin, stablecoins, etc.).

With this in mind, the Chinese government has continually tightened control over the crypto market in China, most recently cracking down on cryptocurrency mining in the country. The U.S. Justice Department announced a few weeks ago that it “recovered” $2.3 million in cryptocurrency of the ransom collected from the Colonial Pipeline hack. And today, it was reported that South Korea seized almost $50 million of crypto assets from citizens accused of tax evasion.

So the benefits of the private cryptocurrency market are being deconstructed by governments. Add to that, even after gaining traction, the private crypto market continues to be used primarily as a tool of corruption and speculation. With that, this chart set up argues for a typical bubble outcome (crash).

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I understand the way you feel now but don't worry I'll remind you of BYE BYE TO BITCOIN when it reaches $80k. Despite the claims and cracking down of cryptocurrency mining in China, the market is still going to survive this tough time and surpass all theories and agitations of crashing of the cryptocurrency markets. We are not surprised of the digital dollar just like Chinese Yuan which I don't think could severely affect the crypto market entirely.

Though am not fully doubtful of the fact that Bitcoin isn't gonna crash....I support the motion of Bitcoin rising to a peak of 80k...any way thank you for sharing your thoughts concerning the topic I created...I go it from an online crypto blog so I decided to share it here