The Dollar Wrecking Ball: Why is a strong US dollar so dangerous?
The rising US dollar strength is starting to produce cracks across economies and markets.
One of the most popular crypto personalities and a major Bitcoin maximalist, Andreas Antonopoulos, has proved again that he is not only one of the best rhetoricians in this sector but also one of the few cryptocurrency experts. His latest YouTube video is again a great hit in the crypto community. Andreas and his Let’s Talk Bitcoin channel enjoy major support by the people. In his recent video, Andreas shared his views on why Bitcoin cannot be regulated.
“Despite governments trying to regulate Bitcoin, they cannot, mainly because they cannot regulate the costliest thing that is the Bitcoin protocol and the idea itself behind the largest cryptocurrency. Because it’s a protocol and in pure terms – a technology based on mathematics – there’s nothing to regulate there, it’s simply an idea.”
He elaborated on his views even further. The reason why not only banks but politicians too are trying to regulate Bitcoin is that it is a real threat for them. Andreas also emphasized that the system itself (especially the economic one), is conceived very badly and this is to be one of the main reasons why Bitcoin may succeed in the future.
Of course, his views may appear partly marginal or even extremist at first sight. Even in his latest video, as well as in all his other ones that deal with the financial system and Bitcoin, he again noted that BTC might mean the end for this system. What’s more, he didn’t hesitate to go as far as to compare the foundations of this system to “fascist” ones. Also, he again reminded us that Bitcoin is still in its early stages and, therefore, we can look forward to some awesome changes in this sector in the future. He thinks, however, that fiat currencies will also have a role in the financial sector. What do you think? Do you agree with his views?
Comments
You must be logged in to add a comment.