The price of bitcoin is up roughly 50 per cent since the start of the year, despite the US government signalling a tougher regulatory stance on cryptocurrency.
Bitcoin briefly hit $25,000 this week, having started 2023 below $16,600, taking it back to levels not seen since last August. Other cryptocurrencies have also seen a significant surge in recent days, adding more than $100 billion to the overall market. Does it mean that bitcoin price will not go up more than this again?
The government has absolutely no say in how you hold your money and who must or must not hold it for you. Damn their regulations and their greedy hands. I have lost all faith that there exists a government in this world who is just trying to get rid of crypto (especially Bitcoin) in a panic. They tried to destroy Bitcoin from the inside with their PoS FUD and now they are doing the same thing they did in the beginning. Threatening more obstacles between fiat-crypto trading. Maybe someone should tell the government that fiat is not the only valuable thing you can trade crypto for.
Even a CBDC cannot kill Bitcoin no matter how threatening the government is. The CBDC does absolutely nothing but put Fiat under Surveillance. People with crypto, especially miners, are amassing more and more crypto wealth without the government involved.