THEY WANT TO BAN BITCOIN – Mark Tilbury

So today lets discuss why countries are banning Bitcoin, influencers are fighting about it, governments are threatening regulation and what it means for our money.
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So who actually wants to ban Bitcoin?

#1. Governments

Crypto is rising and so are the stakes for governments worldwide. Mass Crypto adoption is not good news for most governments due to It being decentralised…

This leaves governments fearing Cryptos like Bitcoin can be used for money laundering, illegal purchases or worst of all overcoming government control & making the current financial system irrelevant.

But why does all of this matter, well countries like the USA & China are actually looking into launching their own digital coins controlled by the central bank so effectively taking away the decentralised part of crypto that they hate.

This government coin may be quicker and help make our lives simpler, however we would be giving away a huge part of our freedom. This would be the governments dream, a completely trackable currency so no one can escape the tax man ever again… They have been trying to get rid of cash for years so this offers them the perfect solution.

#2. Banks

Bank’s don’t want to become irrelevant, which makes perfect sense really. The banks NEED us to keep depositing our hard earned cash with them so they can pay an extremely small interest rate and use our money to make huge profit.

It’s kinda genius really.. They use our money to invest at high returns and even go as far as to loan our money out to other people at high interest rates to lock in even more profits.

Banks are cracking down on Crypto as we speak, I EVEN HAD MY OWN BANK ACCOUNT CLOSED for simply investing in bitcoin!! As unfair as it is to have my bank account closed for buying Bitcoin, i’m sure the banks would say this action is taken to prevent money laundering and fraudulent activity.

But the truth is, only 0.34% of all Crypto was used for fraudulent and illicit activity in 2021 according to Chainalysis’s report in the same year and i’m certainly part of the 99% of good eggs simply trying to invest in Bitcoin.

Banks are cancelling transactions to Crypto exchanges, freezing accounts and even closing accounts to stop the Crypto boom, but is it to little too late? I think it might be.

# 3. Environmentalists

It’s not just governments and banks trying to stop Crypto, we actually have some far more understandable issues at hand.

I’m talking about environmentalists opinions on Bitcoin mining and the effects it has on our environment. I don’t think you have to be an environmentalist to understand the huge impact Bitcoin mining is having on our planet.

Many computers around the world are trying to solve complicated calculations in order to verify transactions, and whoever gets to the answer faster is rewarded with bitcoin. But competition and calculation difficulty is increasing. So in order to keep mining, the miners’s computers are requiring more and more energy. It seems like we are in a bit of a downwards spiral!

Until we find a more efficient way of mining Bitcoin I wouldn’t be surprised to see more headlines similar to the ones we have just discussed. It’s definitely something i’ll be watching out for when it comes to Bitcoins price point moving forward.

#4. Regulation

It’s unfortunate that people are losing their life savings investing in things they don’t fully understand and some people are being flat out scammed

Slight regulation could potentially be huge news for Crypto as long as the regulation is to combat crime and doesn’t make investing more difficult.

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*Some of the links and other products that appear on this video are from companies which Mark Tilbury will earn an affiliate commission or referral bonus. The Info in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

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