We have all heard about different countries who are banning Bitcoin, causing volatility in the markets.
Many people are affraid that these bans will spread to more and more countries... Well, I'm not so sure that's going to happen, because when I look at the countries that are against, or banning Bitcoin, a very clear picture is painted to me..
Let's take a look at the countries:
CHINA
RUSSIA
NIGERIA
COLUMBIA
ECUADOR
KYRGYZSTAN
TAIWAN
All of the above mentioned countries are either old communist or military ruled dictatorships... These countries are banning almost everything that they don't have absolute control over.
The only thing that they are hurtig by banning Bitcoin is liquidity, but it will come as the rest of the world begins to adopt Bitcoin and cryptocurrencies
I think that this will blow over in some time, and the countries will have to adopt cryptocurrencies, just like the rest of the world. Remember in some of those countries both rock'n roll and jeans were absolutely prohibited some decades ago... and look where they are now..
To be honest, I'm not at all surprised to see these countries banning Bitcoin!!
