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I'm betting on 3. Following that trail is key to protecting your investment against government overreach. As long as the right people keep getting richer, regulation talk will continue to just be talk.
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Compared to crypto, gold was easy to confiscate. You can keep a 12 word phrase in your head and a government can never touch your crypto.
Whoever overregulates crypto, like China, will lose out.
They can tax it, they can ban mining it, but they can't ban holding it. They can get away with trying to tax it like stocks or other investments. If they try to use taxes to kill it, good luck.
There are decentralized exchanges, like uniswap, where people can buy and sell without a trusted third party. It's a protocol. The government has no one to go to ask for personal data - none is collected.
There are privacy coins like Monero and Firo. Some don't show who sent, who received, or how much was sent.
The Laffer Curve for crypto is heavily bent against the government. That's good because it will keep taxes low.
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FTC currently reporting on a boom of cryptocurrency scams. Seems legit.
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FTC currently reporting stock scams. All stocks aren't legit, especially OGs like Coke an Disney. Stay out of the stock market to be safe.