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Hello Steemians, this is my first post in a very long time and I'm writing here today as I'm facing a dilemma, a dilemma that has got me thinking about the future of bitcoin and why I do believe it is eventually going to become a global means of payment which will be widely adopted and not frowned upon and causing doubt and fear whenever you think of purchasing any.
So last year my fianceé and I parted ways, not for any reason other than we were not romantically compatible which was followed by the sale of the house we bought together. We did well for ourselves with the value of our property increasing by over €100k in value. This is what sparked this dilemma, I have decided to acquire 2 maybe 3 bitcoin with some of the funds from the sale of the house. I did not take this decision lightly as there is so much going on in the bitcoin markets, with the US, Indian and chinese governments taking quite a firm view on the matter with talks of outright banning crypto currencies altogether and outlawing them while countries such as Malta and Estonia seeing the potential and encouraging the use of them. This is where my theories began to form....
Let's take a look at the countries staunchly against crypto currencies. USA, China and India and yes there are others but they all fall into a very similar demographic and before I proceed I don't wish to attack the people of these countries, rather the establishment on which they are founded. They all have a similar structure, they operate primarily to protect the rich and make them richer while keeping the poor under control by making them poorer. Of the three this is most apparent in India where the country is based on a cast system, if you are born into riches you stay in riches and if you are born a poor farmer you will only ever be a farmer. In the USA it's a little more sneaky, the government is indirectly controlled by the "federal bank" which is actually not federal at all it's a private entity which controls the entire country through debt. The only people whom the government really protects is the elite while creating the illusion that the middle and lower classes are being taken care of and are free, yet they are permanently enslaved in debt without realising they actually have no freedom and are always in debt to the government ie the federal banking system. In China its quite blatantly communist which always allows the rich to get richer and the poor to get poorer which is why the enormous transfer of wealth that bitcoin represents is a direct threat to all these countries.
So my theory on whats happening with bitcoin based on the above statements. Predictions from many very well established investors believe bitcoin will hit $1mil and I think this is quite realistic in the next ten to twenty years possibly sooner, so anyone investing in bitcoin now is set to make a huge profit. Que the panic and uncertainty scare tactics from the elitist countries threatening bans, laws and outright legal action on anyone trading bitcoin in the future.....threaten it enough that the population believe it's bad and they shouldnt invest in any because the government never lie, but don't officially introduce any regulations or laws. In the mean time bitcoin still continues to soar in value going from 10k to 50k to 100k to 1mil and the very people telling everyone not to buy it are snapping up all the bitcoin they can buy at a very low price due to the scare tactics until it hits a value that is unattainable to anyone but the elite to make any sort of major profit.
So the question has always been how do governments kill bitcoin?? Well they don't they allow the rich to get richer from it until the poor can no longer get rich at which point it's no longer a threat to the elite and it can then be adopted as a form of payment without it being a threat to the establishment and already is monopolised by the elite.
It's based on this way of thinking which has made my mind up to invest in at least 2 bitcoin before the price is too high.
I feel the threat of legal action is keeping the prices low for long enough for the elite to snap them up, it's well known many of the richest people in America own bitcoin, some using them as a hedge fund. I don't believe they would be doing this if crypto currencies were going to be killed off.
Feel free to discuss in the comments.