Re:Turkey Bans Cryptocurrency Payments
by toomuchtodo on Sunday April 18, 2021 @01:26PM
(#26854435)
The current US administration nuked Canada's Keystone XL pipeline investment ($8 billion) with the stroke of a pen (due to climate emergency concerns). There is less crypto value intertwined in public securities than that (roughly $4 billion), ignoring Coinbase's valuation (which, if crypto is outlawed, I'm unsure the government would place much value in maintaining; there’s a reason executive insiders cashed out significant portions of their equity holdings at listing).
But, if you believe otherwise as a capital market participant, buying and holding Bitcoin is a fine play to back such a belief.
But, if you believe otherwise as a capital market participant, buying and holding Bitcoin is a fine play to back such a belief.