RE: What Is Going On With Cryptocurrecny?
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Many people are afraid of embracing something they don't know, don't understand, and that seems TOO complicated. In the old system it was clear. You needed a bank account, and you got money from the bank. With those papers and coins in your wallet you paid everywhere and no one asked questions because everyone understood this system. A 100 bill was never worth more, never less. The government / central banks had assigned that value to that piece of paper and that was clear to everyone. With crypto it all works slightly differently. Firstly, you have your own wallet under your own management. You must ensure that no one else can do anything with this, but also that you do not lose your access. And then there is the volatile part, one day a Bitcoin is worth 40K USD. But the other day that could be 4K USD less. A lot of people find that difficult to understand. In addition, they do not understand that dollars and euros in your bank account are just as virtual, and even worse that you do not even manage them yourself, but that the bank says "You can have so much of that because you have been granted that".
People who are not in crypto often do not dare to step in because it is too difficult to understand. AND because it is often dismissed as illegal.
Perhaps this will change at a rapid pace now that big companies like Tesla are getting in.
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Yes the fact that the politicians and bankers are still calling it illegal is a joke. Look at the USD and how much illegal stuff is done with that currency.
It is a joke that people still listen to these fools.
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Unknown makes unloved, and people like to complain, but they often follow what they know like a flock of sheep.
I agree, the whole politics is becoming a bigger joke, unfortunately also an expensive joke.
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