Post
Topic
Board Speculation
Re: Bitcoin at its ATH of 2023 so far
by
Poker Player
on 12/12/2023, 04:50:06 UTC
BTC corrected and is now at $41,654 after rising strongly to $44,700. Yes. There are always surprises for the market and the market needs to be well measured and the recent surprise of US Senator Elizabeth Warren introduced legislation to "crack down" on Bitcoin and the crypto industry and bring it "into greater compliance. What does this mean?" Does it look like a cryptocurrency sale or purchase proposal again.

What it means is that legislations in the USA and the EU will try to control Bitcoin transactions in the same way they control banking transactions. Add to this the implementation of CBDCs and we are heading towards a world with total control and no privacy.

This makes me doubt the potential return that Bitcoin may have in the future, since the characteristics that made it attractive until now, such as the incensurability of transactions, can be lost.