I believe my bitcoin understanding is quite good, even I have not invested in it.
It has some really unique and revolutionary monetary features.
But sth that has really freaked me out, and it is the reason I did not invest in it years ago is why the goverments / central banks are allowing bitcoin to become a real threaten to the establishment.
- a) or they are already owing whale wallets.
- b) or they are sure they can execute a law that forbidds holding bitcoin, as Roosevelt did in 1933 in USA for gold.
- c) or they might be using the crypto burble just as a lab to push the technology enough to build their CBDC. I believe CBDC is a sweet dream for goverments / central banks. They could track any transaction and confiscate any wallet.
For last 10 year a lot of resources and talented people have been working in the crypto wave. Goverment would not have had enough resources to achieve such a progress in so short time by themself. This is the reason why I am some how eventually bearish in bitcoin. So personally I believe we are living the scenario (c) and in a few year (b).
do u have in mind any other reason why the establishment is allowing all this?