ECB's Lagarde Calls For Global Regulation Of "Reprehensible" Bitcoin
Notwithstanding the unpolitic term reprehensible, I thank that cryptocurrencies will need to accept regulation if they are to go mainstream. Could they operate unregulated outside of the mainstream? Probably. And that scares the Establishment.
Globalists and technocrats have long begrudged Bitcoin because it is decentralized and therefore impossible to come under the control of centralized financial institutions. The cryptocurrency has also provided a refuge for dissidents who have been deplatformed by regular financial services and institutions over their politics.
Bitcoin recently soared to a record high above $41,000 dollars but has since fallen back to around $35,000 dollars.
After the cryptocurrency previously hit a record high of above $17,000 dollars at the end of 2017 it then sank bank to around $3,000, emphasizing the wild volatility of the asset.
However, numerous analysts are predicting that growing debt, record money printing and hyperinflation could see Bitcoin soar into the hundreds of thousands over the next year.