Florida Gov. Ron DeSantis officially launched his presidential campaign on Wednesday evening, setting out his priorities during a glitch-filled Twitter Spaces event with Elon Musk. His statement included familiar red meat for the Republican base, including tirades over Disney and “woke” corporations but also an extended riff on crypto.
“You have every right to do Bitcoin. The only reason these people in Washington don’t like it is because they don’t control it…I think that the current regime, clearly they have it out for Bitcoin, and if it continues for another four years, you know, they’ll probably end up killing it,” he said, while claiming Bitcoin is a threat to the “central planners” in the Biden administration who wish to control everything.
Is Ron DeSantis right about his comments or wrong?
:https://www.google.com/url?q=https://fortune.com/crypto/2023/05/25/ron-desantis-goes-crypto-says-the-biden-administration-will-kill-bitcoin/&sa=U&ved=2ahUKEwjrvNr1spH_AhWERsAKHaxGCCAQxfQBegQIBRAC&usg=AOvVaw3bNq-oiqKE2fQqGPCC0o0U
I don't know why the US thinks that they can do anything they want! Biden administration can surely Kill bitcoin but in the US! They can't kill Bitcoin worldwide. let's get this fact straight. They can do whatever they want, but only on US soil which has limited effect on the bitcoin network. It is decentralized for a reason and no single country can just shut it down as per their own will.
Bitcoin and crypto-related businesses will just move to countries like El-Salvadore or Singapore where the law is friendlier towards crypto businesses. They will gain out of it.