The adviser to the Salvador President believes that the US attempts to integrate bitcoins into the state financial system can undermine the decentralized nature of the asset. According to Max Kaiser, the pressure from the authorities and the potential repressions of regulatory departments threaten the independent existence of the first cryptocurrency, and it may disappear from free access.
Since Bitcoin more and more challenges the authority of traditional financial institutions, the response from the state is inevitable, Kaiser believes.
“Strategy and its clones are a large -scale attack on the state and US dollar, pushing Bitcoin up. Keep in mind that the state will deliver a response, and any bitcoin that is not under state control may be confiscated, and your bitcoins can disappear faster than the Epstein list, ” – declared Advisor to President Salvador.
Assets of exchange investment funds, such as ISHHARES BITCOIN TRUST (IBIT) BlackRock, can be the first goals, the blogger said:
“Do we make a mistake by reuniteing bitcoin and the state? After all, the main value of bitcoin is the independence of the influence of the state. ”
One of the options for maintaining bitcoins sovereignty, she called the storage of a cryptoactive without intermediaries, casteans or “corporate membranes” in the form of an ETF funds.
On the eve of the head of the Standard Chartered digital assets department, Jeoffrey Kendrick said that, according to polls, most representatives of the banking industry prefer stabilcoin first cryptocurrency.
Source: Bits
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