this post was submitted on 13 Jan 2024
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Yeah, that's my take too.
Crypto has a "base utility" for illegal activity. Say the price for BTC based on that is 10% of the current inflated price. Integrating BTC into the traditional financial market would in the near term drive down the price closer to the "base price", as well as closing off a number of avenues to add "dirty" money into the system.
yep. The bitcoin market is fake and priced in tethers, the securities market is real and priced in dollars. When the two collide, the vastly larger one with humorless regulators wins.