Cryptocurrency is a Threat and BTC leads

[Japinat]

Most governments don't support Bitcoin since they don't want to lose the power to control the financial ecosystem. And the majority of the country's leaders don't actually understand Bitcoin. So they directly ban crypto. A government won't allow them to rule their financial system through Bitcoin since they can't control it due to decentralisation. They consider Bitcoin their fiat's enemy. But it won't prevent us from using Bitcoin. We don't need government help to accumulate and hold Bitcoin. It's called financial freedom, and it goes against government policy. The government never wants to give us financial freedom.

They refuse to understand bitcoin because they don't want to. That is the reality. They never see bitcoin as a real currency but they prefer to believe the wrong assumption that bitcoin is designed to back up the fraudsters and scammers, the reason why they need to protect their citizens from using it. But we all know that is not the main reason why they are against bitcoin. The reality is they were triggered by the potentials of bitcoin because they know for sure that once bitcoin will continue to exist and might promote adoption, their fiat currency will lost its power and when that happens, its value will certainly depreciate in value when no longer in use.

Its clearly an indication that the government do not want any asset that they cannot be controlled. And if bitcoin will never be centralized, then they will never come to control it and monitor all its transactions. If they can't benefit it, then they should put an end to it and banning could only be their best option.

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[Cryptomultiplier]

I have always considered or imagined that for these countries where crypto currency is banned, the users who know its worth and can invest in it, should be meant to live in their own community. It should bear a semblance to China Town in New York or any where in the world where the Chinese are being recognized.

The government no matter how much it may try, will only do much to restrict its use or users, but with the way the future of tech, that's in regards to AI innovation and the web3 that has been developed on the Blockchain technology, it is only a matter of time before crypto enthusiasts and investors are allowed to enjoy the decentralized money, because like it or not, crypto transactions can be tracked and monitored these days under the watchful eyes of the SEC regulatory agencies.

BTC sure leads as the most trusted coin till date and may not be as much a threat to fiat no matter how much it cost currently or how many users have adopted it for use or investment purposes.
When an idea reeks of excellence, a time will come for it to claim dominance and then the issue of supply and demand will tremendously increase.

[Blitzboy]

Most governments don't support Bitcoin since they don't want to lose the power to control the financial ecosystem. And the majority of the country's leaders don't actually understand Bitcoin. So they directly ban crypto. A government won't allow them to rule their financial system through Bitcoin since they can't control it due to decentralisation. They consider Bitcoin their fiat's enemy. But it won't prevent us from using Bitcoin. We don't need government help to accumulate and hold Bitcoin. It's called financial freedom, and it goes against government policy. The government never wants to give us financial freedom.

They refuse to understand bitcoin because they don't want to. That is the reality. They never see bitcoin as a real currency but they prefer to believe the wrong assumption that bitcoin is designed to back up the fraudsters and scammers, the reason why they need to protect their citizens from using it. But we all know that is not the main reason why they are against bitcoin. The reality is they were triggered by the potentials of bitcoin because they know for sure that once bitcoin will continue to exist and might promote adoption, their fiat currency will lost its power and when that happens, its value will certainly depreciate in value when no longer in use.

Its clearly an indication that the government do not want any asset that they cannot be controlled. And if bitcoin will never be centralized, then they will never come to control it and monitor all its transactions. If they can't benefit it, then they should put an end to it and banning could only be their best option.

All about control, right? Bitcoin's transformational power is overlooked by many because they're purposefully blind. Preconceived assumptions prevent them from seeing decentralized currency's revolutionary potential. And why? Due to threat. Bitcoin defies fiat currency domination. Its obvious that worries powerful people.

When power dynamics are threatened, leaders frequently dread. This goes beyond not understanding bitcoin to not wanting to. Bitcoin's power and decentralization threaten fiat currencies' dominance. Their objectives are so obvious when you delve deep. They prefer throwing away the whole pie if they cant take a slice. Its classic fear of the unknown and control obsession

[RioBlemz]

Most governments don't support Bitcoin since they don't want to lose the power to control the financial ecosystem. And the majority of the country's leaders don't actually understand Bitcoin. So they directly ban crypto. A government won't allow them to rule their financial system through Bitcoin since they can't control it due to decentralisation. They consider Bitcoin their fiat's enemy. But it won't prevent us from using Bitcoin. We don't need government help to accumulate and hold Bitcoin. It's called financial freedom, and it goes against government policy. The government never wants to give us financial freedom.

They refuse to understand bitcoin because they don't want to. That is the reality. They never see bitcoin as a real currency but they prefer to believe the wrong assumption that bitcoin is designed to back up the fraudsters and scammers, the reason why they need to protect their citizens from using it. But we all know that is not the main reason why they are against bitcoin. The reality is they were triggered by the potentials of bitcoin because they know for sure that once bitcoin will continue to exist and might promote adoption, their fiat currency will lost its power and when that happens, its value will certainly depreciate in value when no longer in use.

Its clearly an indication that the government do not want any asset that they cannot be controlled. And if bitcoin will never be centralized, then they will never come to control it and monitor all its transactions. If they can't benefit it, then they should put an end to it and banning could only be their best option.

All about control, right? Bitcoin's transformational power is overlooked by many because they're purposefully blind. Preconceived assumptions prevent them from seeing decentralized currency's revolutionary potential. And why? Due to threat. Bitcoin defies fiat currency domination. Its obvious that worries powerful people.

When power dynamics are threatened, leaders frequently dread. This goes beyond not understanding bitcoin to not wanting to. Bitcoin's power and decentralization threaten fiat currencies' dominance. Their objectives are so obvious when you delve deep. They prefer throwing away the whole pie if they cant take a slice. Its classic fear of the unknown and control obsession

When citizen decides to take their own fate by their hands I don't know why the elites are afraid. Bit coin gives the opportunity to the citizen to determine the trajectory of his/her own finance without super interference. Well I think people always try to keep others in check so that they may not rise to a height that they assumes too many power. Mind you Finance is power.