just figure i share thoughts on crypto world, it sure has changed in last 6 years, where it used to be the free market and we could do as we please, with trades, buying and selling crypto
now its so different now
as the governments in the world have gotten involved and trying to make it harder in crypto
as in if you need to trade out to fiat ,
u have to pay taxes and lots of it
Governments are cracking down on exchanges and regulations etc.
in one way it does prove crypto has value and here to stay
There is more adoption going on. Slowly but it is happening,.
Do you think all this will make people to drop out of crypto and leave it to the people who have high wealth only?
Or will the average person still stay in the markets?
but its too bad that the powers that be are making it difficult
ur thoughts?
The fact that the government have made enough effort to try and control the money that comes in and out from crypto or at least regulate it, means bitcoin imposed a threat towards traditional banking and the fiat itself. The borderless transactions bitcoin offers eliminates the use of the 3rd party payment processors posses another threat to a lot of payment processing facilities and that all goes down to affect the government and the economy.
So, that depends on how the people understands bitcoin, but most wealthy people are taking this opportunity to get even more wealthier and that's what separates them from the average people.
It's not really difficult for someone to engage in crypto despite of the regulations and crypto banning if one is techy enough to by-pass these restrictions.