BTC will moon regardless of this.
I have never taken the position that BTC will never go higher than $1000 again. I believe it is possible it has not yet formed a bottom, but that is not saying it has seen its highest top.
If I were TPTB, I would want the maximum number of people to incriminate themselves by moving their assets into Bitcoin, before going after confiscations for money laundering and other fine prints in the laws.
So yes I see another big runup of the Bitcoin price and the regulation will come later perhaps 2018 or even after 2020, and then they will start to confiscate the Bitcoins with the control over mining. And I expect clawbacks too meaning if you divested of Bitcoin, they will come seize your other assets. Or jailtime if you can't pay up. Debtors' prisons will return. Why? Because the governments are bankrupt, socialism is bankrupt, but the world is mostly socialists and they will not stop trying to take money from other people, so they will go find the money every place they can to steal it. This is the way socialism works. No one can defect. It is until death do us part.
We are headed into a clusterfuck. Many of you are delusional labeling me a Chicken Little because you don't want to admit the clusterfuck the world is in now. Enjoy.
Even if they wanted to, I don't see governments being competent enough to take over Bitcoin in the near future when the world economy implodes. That's why I say no matter what you think about Bitcoin, it's going to play a vital role as a life raft to get to whatever is on the other side of "the great reset". You can nitpick about random metrics of Bitcoin if you're able to survive past that point. All I know is, Bitcoin will either be extremely useful and valuable then, or everyone will be killing each other in the street for cans of soup and no currency will have value.
Socialism will not die. I had predicted this in my widely syndicated 2010 essay which predicted the EU would not breakup:
“It amazes that otherwise bright people can’t understand the simple concept that economic collapse doesn’t convert collectivists into anarchists.”
Asia's debt is not promises to retirees, but rather corporate and LGU debt which can be defaulted on. Asia will crash and bottom 2020 and then rise up leading the world in socialism and totalitarianism, while the West collapses into a clusterfuck of the end-game of socialism death spiral. The conservatives in the USA are fighting to break away from the rest of the USA. The USA will fracture into regions because the gun owners in the USA are willing to die for their sovereignty. Europe will collapse into a Dark Age because no one can fight back against the Troika and socialism. Plus now there are more muslim Europeans being born than white Europeans. Game over. Checkmate.
China+Singapore is going to
tie your Bitcoin white ass to the totem pole and give you 50 lashes.
