Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Bitcoin Discussion
Re: The PATRIOT Act comes to cryptocurrency
by
suzanne5223
on 28/10/2023, 19:21:39 UTC
Quote from: o_e_l_e_o on October 27, 2023, 01:38:09 PM
Quote from: suzanne5223 on October 26, 2023, 07:16:16 PM
The Bitcoin ETF will work just like IOU because the institution and the government never like decentralization.
This is clearly the future the government want for bitcoin. The majority just buy ETF IOUs. Those who do actually buy bitcoin can only do through via KYCed exchanges, and their bitcoin can only move from there to other KYCed exchanges. Actually owning your own bitcoin won't be allowed - after all, what are you trying to hide? Roll Eyes
The exact thing they are hiding is still unknown to the general public but it's glaring that know the potential of Bitcoin, they also know that people investing in it are inevitable, and approving the spot ETF will give them international competitiveness, economic gain, and regulatory control that's why they will want to the ETF to IOU form of investment.