Well, it seems that world bankers and politicians have decided to play their favorite game again: 'How can we rein in your Bitcoin?'
El Salvador: 'We've changed our minds'
Remember how El Salvador proudly declared Bitcoin to be legal tender and looked like a true crypto pioneer? Well, now they are like, 'Oh, wait, we've discussed this... let's cancel all of that.' Of course, Bitcoin can still be used, but now without official status. It's like being at a party you were invited to, but then the hosts changed their minds, and now you are just a guest 'out of kindness.'
Trump and the digital dollar: 'No-no-no, we don't need this'
And in the USA, Trump decided that a central bank digital currency (CBDC) is a bad idea altogether. Like, 'Why do we need a digital dollar when we have normal paper money?' Or maybe it's because crypto is too decentralized, making it harder to control, track, and regulate. And who really loves financial freedom, right?
Banking conspiracy? No way!
Now connecting the dots: countries that previously supported crypto suddenly start to slow down, major banks increasingly say that 'Bitcoin is a bubble' (despite continuing to quietly buy it), and the US government bans any experiments with its own digital currencies. It's all just a coincidence, of course.
Let's assume that the world bankers are like superheroes, protecting us from the dangers of cryptocurrencies. They just want us to use only verified, stable, and... fully controlled financial instruments. Well, of course, they also want every transaction to be tracked and regulated, but that's in our best interest, right?
What's next?
Most likely, while regulators and bankers are trying to restrain Bitcoin, crypto enthusiasts will simply find new workarounds. Pressing down on crypto is like trying to compress a spring: the harder you press, the higher it bounces back. So, perhaps all these bans and restrictions will only spur its growth.
As a result, despite all these theatrical attempts to 'protect' us from Bitcoin, it is not going anywhere. Most likely, it will just continue to do what it does best – irritate bankers and provide people with an alternative to the traditional financial system.