Floyd_ndlovu Authors Neil Woodfine

7 days 30 days All time Recent Popular
1/ My prediction for the 2021 bitcoin bull run:

i. Price hits a minimum $100k+ peak.
ii. Western governments introduce unprecedented emergency regulations, such as withdrawal bans, turning off the buy button, and investor restrictions...


2/
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iii. Price dumps, most of the new corporate investors panic sell.
iv. Repeat the usual halvening cycle, as hodlers of last resort hold the line at a higher low and the industry adapts, evolves, routes around the new regulations. Life, uh, finds a way.


3/ Some have likened Tesla's entry into bitcoin as a watershed moment of bitcoin finally mainstreaming. Well, with the mainstreaming, the real games begin, and bitcoin's proper enemies (not amateur-hour big blockers) rear their ugly, fanged heads.

4/ It's easy to argue against the idea of governments crudely banning bitcoin. But this distracts from the other measures they are likely to attempt to contain or coopt the thing.

A full ban in some places is still possible, but the policies are probably going to be more crafty.

5/ GameStop & Robinhood established a clear precedent:
a) When the establishment is threatened, it will react in extreme ways to protect its interests, and,
b) Corporates are highly compliant and will act against their own best interests to stay in business.