3 reasons that make a Bitcoin ban unlikely in the future

Bitcoin is at a low point right now and the bear market has significantly reduced the interest of many investors. It also means that the politicians are not particularly interested at the moment. Nevertheless, events like the FTX bankruptcy can make politicians think about stricter regulations or even bans. But is a Bitcoin ban realistic in most countries of the world in the future? We call 3 reasonswhich makes this unlikely.

Why do some institutions want to ban bitcoin?

Bitcoin has become a competitor to FIAT currencies. The FIAT system has existed for decades and ensures that the price of many goods and services rises (inflation) despite constant efficiency gains. It has to do with the expansion of the money supply, which is no longer tied to the gold standard.

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Crypto vs FIAT

This FIAT money system has great advantages, especially for people who are close to money creation, but disadvantages for the “little man”. Bitcoin can change this as it offers a scarcity promise (maximum 21 million BTC). It could make politicians ban bitcoin.

There are also other reasons that have nothing to do with maintaining power in the current monetary system. Many politicians believe that the energy consumption of bitcoin would be catastrophic and unsustainable without having any reasonable data and arguments against it. But in the future, almost everyone will landn Ban Bitcoin?

Why is a Bitcoin ban unlikely?

We want the following 3 good reasons state why a broad Bitcoin ban is unlikely in the future:

1. Bitcoin ban is a competitive disadvantage

Bitcoin is structured in such a way that it is ideally suited as a new currency. The adaptation of bitcoin has already begun and the first country (El Salvador) has already introduced bitcoin as its official currency. Other countries want to do the same in the future.

Bitcoin world currency

If a country bans bitcoin, it could have massive competitive advantages in the future. Trade would no longer be possible if other countries primarily or exclusively use Bitcoin as their currency. This competitive pressure should prevent bans or allow banning countries to set a bad example.

2. 4-year half-life cycle

About every 4 years, Bitcoin mining rewards are cut in half. This is the so-called Bitcoin Halving. It is not known if these 4 years were deliberately chosen by the founder Satoshi Nakamoto, but it is possible.

Forecast for Bitcoin halving rate

Most political terms last 4 years in democratic states. This means that once we enter a bear market, many politicians will quickly lose interest in the subject. This makes legislation that could result in a ban less likely.

3. The US can become the “Bitcoin world power”.

The US dollar is the key currency in our monetary system. Almost all other currencies are based on it. But there are signs that dollar dominance may disappear in the future. China in particular is on its way to becoming a new world power.

But politicians and other powerful figures in the US have the chance to save the US dollar and extend its dominance through a new “Bitcoin standard”. Should the US support the dollar with bitcoin, the value and acceptance of bitcoin would explode in the coming years.

Bitcoin dollars US

The US already has a large share of the world’s mining in its own country, which could also strengthen its status as a “Bitcoin superpower”. Thoughts of a “Bitcoin standard” still seem far off at the moment, but may materialize sooner than expected. A ban on bitcoin in other countries would then be increasingly unlikely.

What can you do if Bitcoin is banned in Germany?

In a world that is changing ever faster, it is advisable to position yourself broadly and even plan in advance that you will no longer live and work at your current residence in the future. Bitcoin owners should be flexible for the future and go where they are most welcome in a pinch. Fortunately, we have not reached that far in Germany yet.


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