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Author Topic: War on cash in the EU : very bullish for BTC  (Read 589 times)
olushakes
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August 06, 2017, 06:19:58 PM
 #21

The EU is trying to limit the cash payments to control the EU citizens and tax more easily and broadly. The pretext for the limits will be to fight crime.

http://wolfstreet.com/2017/01/28/europe-limits-on-cash-transactions-war-on-cash/

BTC could become the new cash as cash is slowly banned.

If the government can stop the flow of cash by going fully cashless, then they can equally stop the penetration of bitcoin because bitcoin is also cashless and a lot of people  will have to concert to Fiat before having to spend their earnings from bitcoin which still goes back to the point of running  away from cash in first place. However, the way out is to find someone who is willing to buy bitcoin and pay cash or willing to trade bitcoin for his goods below the radar otherwise, I don't see a way out of the scenerio.
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