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Imagining A Central Bank Wipeout Of Bitcoin In 2022

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Keep in mind in 2020 when everybody stated on New Yr’s Eve and Day — “Oh, thank God, it’s over. This 12 months will likely be so significantly better!”

And in 2021 we bought, extra Covid, extra threats of shedding jobs over Covid insurance policies, extra masking, and in elements of Europe — fixed protests not seen in not less than a era. How was 2021 by comparability?

Now we have rumors of Central Financial institution’s within the West planning their joint rollout of a Central Financial institution Digital Forex. Now we have document excessive inflation. What if the EU, US and Japan did roll out a central financial institution digital forex (CBDC)? What would it not imply for Bitcoin?

Individuals who have learn my work earlier than right here know that one in every of my largest fears as a Bitcoin (and cryptocurrencies) investor is a complete takedown of BTC by the Central Banks. It’s not arduous to think about, even, over-the-top regulatory hurdles and taxation to be able to make the brand new digital greenback or digital euro, or no matter the brand new digital forex known as among the many main capitalist nations, way more engaging than Bitcoin. I see 50% taxes (or extra) to money out of your BTC, together with making purchases.

Name me paranoid, but when one factor goes to take down Bitcoin, it’s these guys within the energy facilities of Western banking. Not Goldman Sachs

. I’m speaking the likes of the Financial institution for Worldwide Settlements (BIS) — higher generally known as the Central Financial institution of Central Banks.

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