You are at: Home » Bitcoin Obituaries » 2018 » “Can Cryptocurrencies Survive?” – Armstrong Economics | $8,126.59

“Can Cryptocurrencies Survive?” – Armstrong Economics | $8,126.59

Bitcoin rose because 70% of the miners were in China. It was NOT simply because energy was cheap. Bitcoin became the LEADING means of money laundering and movement of cash out of China, circumventing their rule of law and currency controls.

BitCoin was a means to get money out of China when you could not wire money out under currency controls. In Australia, they have adopted the slogan that “CASH IS FOR CRIMINALS.” They will do the same to cryptocurrencies. All they need to do is declare a law that it is illegal for a business to accept cryptocurrency under the excuse that it is money laundering. You just killed the entire industry.

Eulogy made by Martin Armstrong

Source

Free Bitcoin Crash Course

Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.

We hate spam as much as you do. You can unsubscribe with one click.
We hate spam as much as you do. You can unsubscribe with one click.

Leave a Reply

avatar
  Subscribe  
Notify of
Scroll to Top