US Government's SECRET PLAN to KILL Bitcoin(THIS IS BAD) 🛑
Crypto currency has been a hot topic for quite some time now, with more and more people investing in it every day. One of the main reasons for this is the ease with which money can now be moved around, with people being able to transfer millions of dollars in seconds using their mobile phones. This has caused concern among those who are against crypto currency, and has led to increased regulation of the banking industry.
In particular, there has been a lot of controversy around the recent closure of Signature Bank, a New York-based full-service commercial bank with 40 private client offices. The bank was shut down by the government citing systemic risk, and many are questioning why this happened. According to insiders, there was no real objective reason for Signature Bank to be seized, other than the fact that regulators wanted to kill off the last major pro-crypto bank.
This has led to speculation that politicians like Elizabeth Warren, together with regulatory bodies, are working to fragilize crypto banks and encourage runs against them, then using withdrawals as a pretext to close them down. Signature Bank was executed not due to any bank runs, but as a political scalp intended to be veiled by the fog of war. The closure of Silicon Valley Bank also seems unwarranted, as their assets' unrealized losses aren't that big compared to its overall asset base.
Many experts are confirming that politicians are trying to kill off crypto, and that the closure of Signature Bank was just one part of a wider plan. Barney Frank, who helped draft the landmark Dodd-Frank Act after the 2008 financial crisis, openly admits that Signature Bank was arbitrarily shuttered despite no insolvency. He even told Bloomberg Radio that Signature Bank was singled out to be the poster child for the message that people need to stay away from crypto.
This is very concerning for crypto holders in America, as it seems that the government is working to kill off the crypto industry. It's no coincidence that Silvergate and Silicon Valley Bank also got wrecked, as they were also very crypto-friendly. The only reason that they were shut down was to screw over crypto.
Bitcoin, on the other hand, worked this weekend when banks didn't. More people joined the network, blocks were created, and new bitcoins were minted on a predictable schedule. This is what Bitcoin was designed for, as the current system has too much leverage and debt, and the trust is not there. Banks are trusted to hold our money, but instead, they lend it out in waves of credit bubbles with just a fraction in reserve. People need to remember that when they give their money to the bank, the bank is making bets with their savings.
Bitcoin is a way to strengthen the whole system by presenting an alternative, a form of hard money tied to energy and decoupled from politics. Governments, politicians, and lawmakers are going to do everything they can to try to control people, but Bitcoin is a way to be free from that. Lawmakers should be thinking like this, and soon realize that Bitcoin is accretive, not destructive. It will make the world more stable, not less, and it adds to The Human Experience. It competes with all the other assets for stores of value, and it does not destroy the dollar. In fact, the dollar is dying by a thousand cuts at the hands of bureaucrats who are taking us further and further into debt.