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Bitcoin Can Be Stopped by Governments Simply, Crypto Expert Says, Here’s Why

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Tue, 11/19/2019 - 12:34
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Yuri Molchan
While replying to a utopian tweet of a crypto trader about how the government can stop BTC, Alex Kruger suggests a method that he believes is simpler
Bitcoin Can Be Stopped by Governments Simply, Crypto Expert Says, Here’s Why
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Bitcoin was designed as a decentralized alternative to the current financial system offered by banks and governments. The recent examples of this system on the march are the Tron CEO Justin Sun and a venture capitalist Roelof Botha getting their accounts frozen by the Bank of America.

This is impossible with crypto assets unless they are stored on a centralized crypto exchange obedient to the governments. Still, gradually, crypto experts are starting to imagine a state of things in which government would indeed be able to stop Bitcoin from becoming popular. ‘A prevention is better than cure’ principle is working here for them, perhaps.

Bitcoin can be stopped by lack of financial surveillance

This theory was suggested by the crypto trader, Bitcoin lover, @Rhythmtrader. He logically believes that people would choose to give up BTC if the governments would even care to offer them something much better – lack of financial surveillance, elimination of capital controls, no inflation. Sounds quite sarcastic. 

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Bitcoin Price Should Get Bullish Structure Forming Today/Tomorrow, Crypto Trader Says

Bitcoin can be stopped if the governments short it

Another crypto expert, a trader Alex Kruger, believes that in theory there is a much simpler way to stop Bitcoin – a method based on lack of interest from investors. The majority of the crypto community, most likely, is looking forward to the day when they can buy a Lambo or a new house with their BTC yields.

Kruger believes that for the governments to reduce people’s interest here it is enough to short BTC permanently and keep the price below $1,000 for a long while.

Some disagree with the first trader, saying that there is no need for the governments to stop Bitcoin and naming things that prevent a global BTC adoption from happening.

BTC unstoppable
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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.