I thought the draw of crypto was that it wasn’t backed by a central government? What’s the point if the government has price manipulation power anyway?
Government regulation was always going to be inevitable when crypto is treated as an asset class. The folks who designed it were aware of this and correctly assumed they’d be able to pull the rug out before the regulation came into effect. Now it’s nothing more than another tradable commodity.
I thought the draw of crypto was that it wasn’t backed by a central government? What’s the point if the government has price manipulation power anyway?
Government regulation was always going to be inevitable when crypto is treated as an asset class. The folks who designed it were aware of this and correctly assumed they’d be able to pull the rug out before the regulation came into effect. Now it’s nothing more than another tradable commodity.