Reply to post: The government will shut down Bitcoin, just watch!

US Treasury wants to treat cryptocurrencies like cash – as in you need to report $10k+ transactions

Marty McFly Silver badge
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The government will shut down Bitcoin, just watch!

They will send in the troops and they will lay siege to the Bitcoin headquarters. All the BTC servers will be completely disconnected and and held as evidence against those evil cryptocurrency people. Only government controlled & monitored currency will be allowed to continue. This nonsense has to stop!

Only problem is the government just can't seem to find the big building with the BTC logo on the side. (Enter visions of Monty Python searching for the Holy Grail, except now it is government lackeys searching for the elusive Bitcoin headquarters.)

All joking aside...

Cryptocurrencies are inherently a better store of wealth than any fiat currency. They are even better than precious metals. What governments can do is make it more difficult to move between fiat and crypto. That means it is important to get your share of crypto today because tomorrow the door may not be open to you.

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