I was talking about this with my cousin who has a lot invested in Crypto right now. One thing that can bring whole crypto market down is a big/semi-big terrorist event in USA or main EU countries.
If they find out in investigation that all the funding for that terrorist attack was through Bitcoin/cryptocurrencies then bans from different countries will come real quick fast. And there will be public support behind these bans. Most of us are living in crypto circles where we see a lot of support for crypto and believe it is the future but majority of normies have no idea about it and they absolutely don't care about it.
I think a terrorist event like that can get the banning ball rolling and within weeks there will be bans all over the map.
Deregulation/decentralization is pitched as a very good thing in crypto circles but it can also be its downfall. Every single day you can see manipulations in different cryptocurrencies. Just go and watch a chart for a coin for 2-3hours and you'll see walls build and walls taken down within seconds as they please whales.
Check out this news. "U.S. says takes down militant groups' cryptocurrency fundraising effort". But what if there is a "successful" terrorist attack in the future that was funded through crypto? What do you guys think?
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