Re:US prosecutors move to cash in on $8.5M in seized Bitcoin
by gozur88 on Saturday December 16, 2017 @01:55PM
(#15941128)
They haven't started cracking down until recently because they figured there was a good chance cryptocurrrencies (bitcoin in particular) would collapse on their own or remain an insignificant niche. I think this year for the first time you have large governments which see bitcoin as a bona fide threat.
I'm kind of curious to see how this plays out - how far they're willing to go and whether or not, as you say, they're ultimately successful.
If a government were to really try to shut it down, there would be an immediate drop in crypto-currency value, but if the government was ultimately unsuccessful, the value would rocket up to even higher levels.
Every bitcoin "investor"/gambler makes these tradoffs.