18th century and standard oil and the Rockefellers etc....seems it is doing so quite rapidly again this decade as well...there will be backlash IMHO,
as it has 'swung' too far ..but we will see...
.. and if/when the big reset comes, there will be golden era for bitcoin and cryptos in general..
all it takes is one or few bit developed countries slowly moving towards gigantic wealth redistribution.
I cant imagine governments doing it without massive tax on rich or outright nationalization of private property and companies. + hyperinflation to cancel debts. (like Venezuela today, with some 50% weekly inflation) There were many examples in the past and its sure it will be repeated again and again.
Not to put fear in anything, but it is a war
Their made up money (controlled) against our made up money (decentralized)
War is inevitable, depends which one wins (Currency war - current, Financial war - imminent, Military - where central banks want to go)
Hard to know what to do.
The other global war going on the Information War (Propaganda/Fake News/Censorship).
To persuade you to follow the government that is going to back the right money(better be our money) is very "confusing" for the average information soldier.
https://en.wikipedia.org/wiki/Petro_(cryptocurrency)
https://cointelegraph.com/news/pax-crypto-russia-proposes-first-multinational-cryptocurrency-expert-blog
https://cointelegraph.com/news/member-of-chinas-main-political-advisory-proposes-national-crypto-trading-platform
https://www.news.com.au/finance/economy/australian-economy/should-australia-start-its-own-cryptocurrency/news-story/368b3f603f42337c70162cf434777ca2
Six global banks join forces to create digital currency
https://www.ft.com/content/20c10d58-8d9c-11e7-a352-e46f43c5825d
https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/
http://www.wjhg.com/content/news/Russia-bank-helps-Venezuela-defy-US-cryptocurrency-sanctions-482564051.html
Are they really against bitcoin or do they want you to use their crypto?
Welcome to the new wealth redistribution program
We want you for Bitcoin!
I can only imagine it....
Headline
Bitcoiners dumping hard on Central Bank crypto stocks
Another win for Bitcoin..