Pretty sure bitcoin is owned by CIA/deep state. But recently Just thinking that with bitcoin soaring, what if its all a way to get people to burn their cash and strengthen the us dollar. just convince everyone to burn half their money on intangible numbers after the rich steal all the real dollars. Now all their real dollars are worth even more.
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Bitcoin can't be owned by anybody, it's a distributed shared ledger. Now, the main trading sites like Coinbase may be in on something (though Coinbase is exclusively anti-woke). They all started last year to work with the IRS and they report large numbers of trades to them so people could get audited.
I know the new regs put into place led my favorite company, Xapo, which had a vault feature where you could hodl with your savings in an air gapped server, to leave the American market. There may be more to it. Disappointing, and it cost me $ in transfer fees to send it to Coinbase.
Look, the multi-national criminal syndicates, like the drug cartels, are still using crypto...the feds won't be able to ever be able to have KYC in place.
What you're also missing, is that the value of the dollar is also based on an intangible nothing. At least with bitcoin, there is a limited supply. I'd buy some with your $600 if I were you.
Bitcoin is the way out of this sinking ship, if you don’t see that you’re hopeless.
There is also a prevailing counter thought that decline of bitcoin to its trough was on purpose, to give the super rich a way out. There is more on that out there, but here's a decent "meme" video on it.
https://www.youtube.com/watch?v=Hk3T1FSlkYw