Most people here probably don’t need another reason to buy bitcoin.
But just in case, today I’ll talk about its value as a non-sovereign currency.
Meaning, why it’s important that bitcoin isn’t controlled by any government or centralized entity.
News came out yesterday that Italy’s government may tax cash and other valuables locked away in safety deposit boxes held with banks.
That came from Deputy Prime Minister Matteo Salvini.
Wow, what gall of the Italian government. They basically want a hand right in your pocket.
The bigger picture is that the Eurozone is a fragile experiment to begin with. And the Euro may not be as fungible as people expect.
Tuur Demeester of Adamant Capital makes that point below.
Wow, can you imagine if that happened? Pure chaos.
And yet another reason to buy bitcoin.
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