Is it only a matter of time before Central Banks are in control of Bitcoin markets?
As most people know and understand, the financial elite, made up of central bankers who control the money supply of entire nations, are not going to stand by idle while a disruptive technology like Bitcoin comes into play and threatens their monopolies over the issuance of money.
What is stopping central banks from buying up Bitcoin with their endless supply of fiat currency and throwing a wrench into the blockchain? Well, the answer to that question is nothing ...
Mike Adams of NaturalNews.com has asked this question in a recent report. He makes the point that there is no stopping central banks from buying a large amount of bitcoin and disrupting its limited transaction processing ability.
Take a quick listen to Adam's in this video below:
(Skip to 2:00 if you have limited time)
Now, Adams is a harsh critic of Bitcoin and often brings up points surrounding the crypto that gets under the skin of the hardcore believers of the technology. But, as all you Steemians know, it is beneficial to take a listen to those who may not agree with everything you believe. When you do this, you can sometimes see things more clearly.
Read: Crackdown on Cryptocurrency Quietly Passes in Russia Sanctions Bill
Let's hear your thoughts in the comment section below!
