Quote from: danskgraes on Today at 05:03:09 AM

Quote from: Abiky on May 30, 2023, 04:20:17 PM

As it's said in the real world, "if you can't beat them, join them". Governments already noticed their efforts to take down crypto/Blockchain tech are futile. So they'd have no other choice but to join the revolution. The most likely case would be giving the "green light" for anyone to use crypto as long as taxes are paid in return. Everybody wins this way.

I think even oppressive governments like China and Russia will change their mind and adopt decentralized cryptocurrencies for their own benefit. China already took a step forward by choosing Hong Kong as the next epicenter of crypto/Blockchain tech. It's seeking the investment of prominent crypto companies and startups within the region. Maybe Russia will do something similar in the long run? Whatever happens, you can rest assured crypto won't be going anywhere soon. It's here to stay forever. Who knows if it lives alongside digital Fiat currencies (CBDCs) for generations? Just my opinion

I agree. Crypto is not going anywhere. In fact, it's gaining more traction and legitimacy each day. Governments, regardless of their initial stance, will eventually realize the potential economic and technological advantages of embracing cryptocurrencies. It's an exciting time to be a part of this revolution, and I'm optimistic about the future of crypto alongside digital fiat currencies."

in 2017 China banned Bitcoin and Bitcoin could reach $26k, and in 2023 China legalized Bitcoin and crypto currency of course this will be very strong bullish,
because the marketcap of a big country like China will enter the crypto market, yes this indicates that the government has supports Bitcoin and cryptocurrencies,
but some countries still haven't legalized it, it just takes time for that to happen.