nostr:npub1grk0tx6kqzvp86jvxzqmr8va2f0hdklj2xj6qwymf04z0saxhx8svlelrn Missing link: Bitcoin graph is idealistic theory reflecting its release mechanism. However, there are rich and powerful actors in society both private and Gvt whose interests are hurt by it. They wan CBDC ruled by them. Catch is, that have enough funds they can lose in order to kill bitcoin. They also have control of laws and regulatory that can hit bitcoin hard. Think Soros and his infamous manipulation of British Pound.
Discussion
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Also, they can manipulate it by manipulating energy. Which is what they've been doing for about a year now.
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What that means? #Bitcoin miners will move elsewhere again like when #China banned mining. Will the US government be happy to see the hashpower moving to #Russia or #Iran?
#Bitcoin being "hit hard" won't kill it. The governments can ban themselves from it but what will it say about #freedom of speech and property rights? How long can this ban last? #China banned Bitcoin multiple times, #HongKong is [going to have ETFs](https://cointelegraph.com/news/hong-kong-financial-regulator-spot-crypto-etfs).
#Nigeria banned Bitcoin a couple years ago, a few days ago they just gave up and [reversed the ban](https://www.forbes.com/sites/abubakarnurkhalil/2023/12/24/nigerian-central-bank-issues-circular-reversing-2021-bitcoin-ban/) because it was impossible to do in a first place.