Central banks would never let anyone have 100% control and ownership of their money lol. It sounds plausible in theory that BTC is a honeypot by government agencies, but ask yourself - would any of these organization allow someone to have full ownership of, say - $100,000,000 of an asset that is 100% unrecoverable if they die and didn't leave a trace of their private keys? The answer is hell no.
As far as Blackrock opening a BTC ETF, it's not really an indicator of anything. That offering is an extremely tiny percentage of their business and if it all went to zero, it wouldn't affect their business at all, they have a lot more to gain than to lose by offering it
You don't get it .Central banks control the bitcoins of Nakamoto.Its not a person.
Secondly bitcoin works like a ponzi.It has no real value.People in western countries including india seems to be sorry for the word but brain fucked that they belive something which has no value in itself can be used as a stable currency.Bitcoin is like a ponzi as more people put money into it as bigger is the price and as more people take money out of bitcoin as lower will be the price.
The holders from the beginning are/will be the big winners and the last investors will be the big losers.
Bitcoin is set to be a big failure to suck out wealth or transfer it to a few.
JPM reports from 2010 already showed that they were already trading bitcoin back in 2010 so often that their average login to crypto exchanges was arround 50 times a day.
2011 FBI report stated that already then they could trace 98% of all crypto transaction to a person.And to close the 2% gap services with KYC should be implemented.
We have now 2024 has KYC been implemented ?
Also anyone claiming Bitcoin is an alternative currency does not understand what governments and secret services did to people who tried to establish even the smallest alternative currency.There was BIG jail time even the currency only worked in a small village.
Bitcoin on the other hand never received any punishment other than verbal denial.
China had over 51% of mining power so it could destroy bitcoin anytime they wanted but they did not.Instead they even talked to build their gold backed yuan on ethereum or libra.So yeah crypto is really a threat to them.
More important everyone a bit older and well educated knows that bankers wet dream from the 90's was to implement virtual money to have full control over it.
WELCOME TO CBDC's.
But people still don't get it.Making a few bucks on crypto and losing their financial freedom in the end.
People here simply doesn't understand what CBDC's means to their daily live.
