The White House recently issued an executive order that, in essence, said the federal government will spend the next few months studying how to address the decentralized and therefore unregulated cryptocurrency market. That EO is essentially like foreshadowing in a novel. If you are invested in crypto, beware. The government is coming for its cut and will get it before Bitcoin can reach its nirvana; the prophesied $100k per coin price.
I suspect we could see the beginnings of crypto centralization before the end of 2022, and complete centralization by 2024. Holding, at this point, is a misguided game of hubris and arrogance.
In spite of this warning and others, many cryptocurrency enthusiasts will act shocked when it happens and engage in social media meltdowns, screaming to the ether that centralization is unfair and an attack on their freedoms. A new subreddit will emerge that could overtake the famous Wall Street Bets in site popularity as the ‘crypto uninformed’ become informed by pseudo experts and longtime crypto fans, all of them voicing their advice, snake oil and rage in the world’s best echo chamber. And it won’t affect the government’s centralization plans in the slightest.
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