$BTC Can it be banned? I don't have the final say; let's listen to what old Putin has to say. According to media reports, Russian President Putin, at the Russia Calling Investment Forum held in Moscow yesterday, bluntly stated that no one can ban Bitcoin, and no one can ban the use of other electronic payment methods either.
Because these are all new technologies, regardless of what happens to the dollar in the future, these tools will develop in one way or another, as everyone is striving to reduce costs and improve reliability. However, at this investment forum, old Putin made such a statement.
A couple of days ago, old Putin also publicly stated that Bitcoin and digital assets will continue to develop. Moreover, looking at the crypto-friendly policies and laws regarding mining and taxation that have been gradually introduced in Russia this year, it is clear that old Putin has indeed achieved a high level of cognitive execution. Since they cannot be banned or controlled, we should adapt to the development of the times. Of course, old Putin just provided a conclusive answer, but he did not explain the reasons. Let me try to discuss why it cannot be banned.
First of all, BTC has developed to a point where it is very distributed, including the distribution of chips and the supply of related resources and energy, which are scattered around the world. Unless the entire Earth's power is cut off or there is a global explosion, it is unlikely to have any significant impact on BTC, but these scenarios are not realistic.
Secondly, people's understanding has already reached a very high level, including old Putin and global crypto enthusiasts or participants, who basically all know the characteristics of BTC and have reached a consensus, even a belief.
Thirdly, judging from the current global trends regarding compliance investments and industry developments related to BTC and other cryptocurrencies, it has become an unstoppable major trend.
Fourthly, with the rapid development of AI and robotics, many future social activities and labor will not be carried out by our human bodies, but will be completed by AI and related intelligent entities. The value transfer generated by economic activities and interactions between AI and other intelligent entities is very likely to be realized by BTC stablecoins and other mainstream cryptocurrencies, so this cannot be avoided.
Fifthly, we have currently lost control over BTC and other cryptocurrencies. Originally, we had a massive amount of mining power and exchange resources, but due to strict regulatory policies, they all fled. We once had the possibility of achieving over 50% of the discourse power and even the ability to implement a hard fork on BTC. Now, however, it has basically nothing to do with us. As you can see, previously, whenever we introduced a crypto policy or law, the market would react strongly, but now, no matter what legal policies we introduce, the market doesn't even react at all. It has no impact whatsoever. Therefore, prohibiting BTC is no longer feasible from both a technical understanding and a policy legal perspective. We can only face the reality bravely, go with the flow, and continue to innovate and develop in compliance to prevent the risk of being eliminated. Don’t you think so? $BTC
Because these are all new technologies, regardless of what happens to the dollar in the future, these tools will develop in one way or another, as everyone is striving to reduce costs and improve reliability. However, at this investment forum, old Putin made such a statement.
