Re:Ray Dalio says the government could ban bitcoin
by igorkraw on Monday March 29, 2021 @05:34AM
(#26619261)
>Bitcoin market cap today is $1 trillion. It would cost US government a pretty penny to re-purchase BTC owned by US citizens. That's today. Within a year market cap could be $2 trillion.
I don't see how you'd argue that the government has to pay the imaginary value that bitcoin fans ascribe to their currency. If the government removes or adds laws, it can create or destroy business models and tank stock and commodity prices. As of right now, BTC are just securetized CO2-waste. If the price drops after the US bans it for environmental damage, well it's the market. You are free to transact BTC in the rest of the world after all.
I don't see how you'd argue that the government has to pay the imaginary value that bitcoin fans ascribe to their currency. If the government removes or adds laws, it can create or destroy business models and tank stock and commodity prices. As of right now, BTC are just securetized CO2-waste. If the price drops after the US bans it for environmental damage, well it's the market. You are free to transact BTC in the rest of the world after all.