Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Will always Survive
by
legiteum
on 22/05/2024, 19:01:25 UTC

The government has tried to bring down Bitcoin but hasn't succeeded and soon they'll have no choice but to accept defeat that they can't bring down Bitcoin.



1. No major world government has ever tried to "bring down Bitcoin".

2. Bitcoin is perfectly legal in almost every country in the world.

3. A major country like China could take control over 51% of the hashrate, which would give them absolute control of Bitcoin. They haven't done this because they don't want to, not because it's impossible.

I get that some people feel the need to feel like they are "fighting the Man" when they invest in Bitcoin, but the actual fact here is that Bitcoin is as mainstream as any major US stock like AAPL or MSFT. Nobody is going to make it illegal, or is even trying. Investing in Bitcoin today is as easy as buying any normal stock.

While you might think it will help, spreading misinformation like this about Bitcoin will hinder Bitcoin's adoption as an investment and drive the price down because many serious investors won't be excited about fighting the government.