Everybody understand the future of cryptocurrency except Governments || Why???
We have experienced extraordinary cryptocurrency growth in 2017. We have seen verge growth. We have seen a lot of extraordinary events in 2017 regarding cryptocurrency. Some projects are wonderful some are a total scam. Anyway, We should take the good one and hope that project will be successful.
image: pixabay.com
Chinese Ban
We have also seen Chinese ban on Cryptocurrency exchange and ICO. Following Chinese ban, the market was down for few days. Guess what, we do not need to wait too long to recover. Within a few days, we have seen the market was up and never looks back. Banning exchange will not work at all. Why? see the message from Bitshares
Everybody understands the future of cryptocurrency except Governments and some corporate moguls
As expected, Government will not like the concept of cryptocurrency. Now they are planning to adopt digital fiat cryptocurrency.
We are not comfortable with non-fiat cryptocurrencies like Bitcoin - Executive Director of Reserve Bank of India
RBI is not comfortable with Bitcoin
Recently Executive Director of Reserve Bank of India said that he is not comfortable with non-fiat cryptocurrencies like Bitcoin. But RBI is interested in fiat cryptocurrencies.
Jamie Dimon on cryptocurrency
JPMorgan chief executive Jamie Dimon was critical on Bitcoin and cryptocurrency in general. Now he “regrets” calling the cryptocurrency a fraud
Bitcoin is Fraud - Jamie Dimon Then
“The bitcoin to me was always what the governments are gonna feel about bitcoin as it gets really big, and I just have a different opinion than other people” - Jamie Dimon Now
Warren Buffet on Cryptocurrency
One of the greatest investors of our time, Warren Buffet, is also skeptical on cryptocurrency. He is quite certain about bad ending of cryptocurrencies.
“In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” - Warren Buffet
So far I know, Almost all government issue some precautionary warning regarding cryptocurrency. Only China is ahead of everybody. Already banned Exchange and ICO. Governments of other countries are trying to put some restrictions on cryptocurrency. I think they should welcome the technology as did by Japan
What do you think about Government plan on Bitcoin and Cryptocurrency in general? Would you like to share your insights in the comment below?
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Check this sentence from 1903 “The horse is here to stay but the automobile is only a novelty – a fad.”
That’s how the President of the Michigan Savings Bank tried to discourage Henry Ford’s lawyer from investing in the newly formed motor company. Horace Rackham ignored the advice and quickly turned his $5,000 investment into $12.5 million, as cars replaced horses.
So Warren Buffet sentence will go forever into history as this one.
New technology, too much resistance. May be he missed the opportunity ;)
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