🚨📉 🚨🚨🚨🚨🚨🚨🚨🚨🚨
If you've glanced at the crypto market at all today, you can see it's way down. It appears to be due to U.S. regulatory pressure and speculation that the #EthereumETF will be rejected.
Here's the real question 🧐 Why does the U.S. Government hate crypto so much? - The largest markets are in the U.S., and it's not like politicians hate making money—understatement of the century 🇺🇸💰
So what gives?
It's not about issues of market maturity, volatility or fraud risks—those aren’t exclusive to crypto. It is about control. The U.S. has long relished $USD as the global standard of exchange, which gives the government, and the federal reserve, significant control over the global distribution of wealth. 🌍💵
#Bitcoin was created to strip governments' control over people's money.
- Governments have the power to dilute wealth through inflation—a silent thief that's boosted prices in the U.S. by 3763% since 1900 📈 Historically, government-controlled currencies all deflate to zero, thanks to persistent inflation tactics like coin clipping or outright fiat money printing.
- Governments limit access to funds, set restrictions on international transfers, and even freeze accounts entirely during economic or political crises. Citizens are always vulnerable to exploitation by bad actors in positions of power or influence🔓
A critical feature of many cryptos including $BTC is that inflation schedules offer transparency and immutability. If #Bitcoin prevails, the U.S. government would lose the monopoly over global distributions of wealth.
