Federal Reserve Talks of Banning or Taxing Bitcoin

 I’ve said it all along;  the governments of the world will NOT ALLOW crypto currency forever.  They simply can’t allow another currency that they have no control of.  Remember in 1933 when the US Government made it illegal to own silver or gold?  USA is now spending $1 trillion every hundred days.  The price of gold and crypto is soaring as investors realize that the government is going to be forced to print more money…which makes the existing money in our pockets worth less.  If they keep printing at the current rate they will make the dollar worthless.  If Jesus tarries I believe we will see the collapse of it all.  Faith and confidence in the paper dollar will vanish…we just don’t know when.

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The bitcoin price has soared back toward its all-time high of just over $70,000 per bitcoin, boosted by former U.S. president Donald Trump's crypto bombshell.

Now, as Wall Street giant JPMorgan issues a huge bitcoin price prediction, the Federal Reserve and the European Central Bank (ECB) have each published papers "attacking" bitcoin—branded a "declaration of war."

The Federal Reserve Bank of Minneapolis has published a paper this week arguing bitcoin and similar assets could be taxed or banned to help governments maintain deficits.

The bitcoin price has surged along with the price of gold this year as investors bet higher interest rates combined with a huge increase in deficits will create a feedback loop, forcing governments to print more money.

U.S. national debt has skyrocketed in recent years, crossing the $34 trillion mark at the beginning of 2024, largely due to Covid and lockdown stimulus measures that sent inflation spiraling out of control and forced the Federal Reserve to hike interest rates at a historical clip.

https://www.forbes.com/sites/digital-assets/2024/10/25/a-declaration-of-war-fed-and-ecb-plot-to-tax-or-ban-bitcoin-and-use-price-gains-to-escape-357-trillion-doom-loop/