BitXLanka.Com- Sri Lanka Bitcoin & Crypto Currency Tracker logo BitXLanka.Com- Sri Lanka Bitcoin & Crypto Currency Tracker logo
Seeking Alpha 2021-07-22 21:06:57

Bitcoin's Walls Are Closing In

CCP China’s closing mining operations isn’t about “climate”; it’s about control of the Chinese people and economy.Sovereign control of currency is a fundamental element of sovereign nation-states, going back to Westphalia. While such control is imperative for a totalitarian state like CCP China, it's also important.Bitcoin et.al. directly threaten state sovereignty and won’t be tolerated.Cryptocurrencies have largely “flown under the radar” by banking, treasury, and tax officials. That is changing rapidly as governments recognize the threat to national interests, Westphalian sovereignty, and security.We think national economics regulators, state environmental regulators, and municipalities troubled by "mining" raising local electrical rates - will sweep cryptos away like a tsunami.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.