There are so many people’s are against bitcoin. They want to ban bitcoin. Because they feel bitcoin is illegal but i think bitcoin and fiat money both are legal transaction. That’s why i believe in near future all countries are accept bitcoin.
It's simply because they know nothing about the technology. At first I was also skeptic about bitcoin, but eventually invest in it seeing its potential when it comes to value.
Well obviously he had a problem with the crypto markets cause the cryptocurrencies threatened his biggest donators business model and future. Similarly Bitcoin threatens many such organizations and banks who are not happy with it and are going to lobby against the crypto markets but it isn't going to work.
Crypto and FIAT online payments will always coexist. There are really people who prefer using crypto just an investment vehicle not for paying bills or as a currency. So for me bitcoin is never a threat when it comes to other modes of payments.
I got your point but still he's only a single politician with hidden agenda that only making himself a big joke out of all the people who really knows what is Bitcoin all about. Since the creation of Bitcoin there are countless FUD that has been surfacing around the world but none of it with last because it's all about the false advertisement.
He is in the higher office in the government. Even a single high ranking official can still influence a lot of people specially his voters. To tell you frankly, people who doesn't know about bitcoin always sees it as a joke or a bubble. I myself was one of the skeptics about bitcoin when it started few years back because I don't know anything about it and its not tangible.
There is no such thing as continuous uptrend, the massive increase in price of Bitcoin was great and it went down because it needs to and it's not like BitConnect or other kind of scam coin , I am not a professional trader but it's a healthy correction. Many people ride the boat and sadly some of them loses their money. I know that it's not a simple advertisement but I look at those negative feedback to Bitcoins as an advertisement because at least they are talking about it for free and people starting to notice it until the time they realize that it's too good more than anything else.
Last year was a huge uptrend. You may not find it continuous but for me it is. Try to look at the chart below.
His agenda died down when discovered that Allied Wallet is one of his biggest donators in the campaign, I doubt that his fellow representatives will back him up now as them being politicians don't want to ruin their image which some politician who has an hidden agenda. Plus this was old news and I think the news website is the only one giving up steam because I haven't seen any hate in the social media as of lately.
That's why a single high rank politician suggesting about banning bitcoin is never a joke. They do have allies and lots of them has less knowledge about the technology of bitcoin or worst doesn't support decentralization.
