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Crypto currency (IF banned from CA)

“Russia has proposed a blanket ban on Bitcoin amid concerns crypto mining is threatening the country’s energy supply.

The central bank of Russia, which is the third-biggest crypto mining nation in the world, warned that the mining of digital assets such as Bitcoin hurt the country’s green agenda and posed a risk to its dominant energy sector.

It also said cryptocurrencies had all the hallmarks of a pyramid scheme and undermined the sovereignty of monetary policy.”………..
 
“Russia has proposed a blanket ban on Bitcoin amid concerns crypto mining is threatening the country’s energy supply.

The central bank of Russia, which is the third-biggest crypto mining nation in the world, warned that the mining of digital assets such as Bitcoin hurt the country’s green agenda and posed a risk to its dominant energy sector.

It also said cryptocurrencies had all the hallmarks of a pyramid scheme and undermined the sovereignty of monetary policy.”………..
the last 6 words are the signal,
authoritarian governments always try to ban things they cant control!
 


the last 6 words are the signal,
authoritarian governments always try to ban things they cant control!

Is it not more, governments/institutions will do all they can to protect their currency over a rival currency?

I mean whatever your view on bitcoin (and I am agnostic) it pitches itself against governments, do can hardly be surprised when governments react in kind.
 
Amusing to see Bitcoin - intellectualised as an edgy antidote to "fiat" currency - deflate like an untied balloon the instant the Fed starts walking back its fiat.
all the fed have done is spread gossip,
they know the moment they raise any rates what will happen!
over half of the nasdaq is down more than 50%,yet all the mainstream talk about is bitcoin.
 

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