/biz/ - Business & Finance

>>29029940
>>29030575
>The USA government could shut it down.
They could try. There is no denying that.
However, they've opened the door to taxing crypto, and most people use btc like a stock. Buy/Hold/Sell.
It would seem to me, that as long as the US gov gets their pound of flesh in way of taxes, they don't really care about banning it.
Furthermore, banning technology is extremely difficult; bittorrent,piratebay,tiktok...
The whole world would have to ban it. The fact they couldn't ban torrenting bolsters my confidence that they couldn't really ban crypto at this point. They could hurt crypto for sure, but not kill it.

why is xmr pumping?
did it finally wake up?

>>28598737
FBI maybe.
SEC not likely.
IRS maybe.

>>24400582
>The issue is that this destroys the institutional investor argument and puts in massive roadblocks for the average person who'll likely just drop it because it's not worth the hassle
>It's like cocaine, yeah some wealthy people use it illicitly but it's a liability for most and just not worth it
I agree. What I think might happen is that countries let their big investment institutions buy into Bitcoin. BTC goes up to the moon and then these countries will levy a 40-60% BTC tax on all BTC-related activities institutional or otherwise. Alternatively, they could confiscate BTC from these institutions much more easily than from private individuals (that's how most central banks amassed so much gold)

The justification will be that BTC owners asymmetrically benefited from the coming currency crisis and they need to be taxed accordingly for social justice.