People should be free to make their own decisions, good or bad, and then live with the consequences. That is kind of what is happening, you elect control freaks, they control.
Perhaps though, the positive will be that people will buy actual bitcoin instead of derivatives.
The nanny state control freaks just love to control people.
This reminds me of how various banks (IIRC it was also playing out within the UK) no longer allowed their clients to buy crypto with credit. People will have less and less of a say as time goes by. Perhaps though, the positive will be that people will buy actual bitcoin instead of derivatives.
The nanny state control freaks just love to control people.
For every negative there is a positive, which in this case is indeed people being steered by ridiculous policies to buy spot. The less CFD and futures that aren't backed by the underlying asset the better it is for Bitcoin in my opinion.
All these non backed CFDs, futures, ETFs turned gold's market into a pile of rubbish. The ratio between spot gold volume and derivative volume is beyond insane-- 1:50 / 1:70 isn't uncommon.
