The Chief Executive Officer of Euro Pacific Capital and popular Bitcoin critic and Gold promoter, Peter Schiff has given his opinion on twitter as regards the Government regulating the first cryptocurrency by Market Capitalization; Bitcoin.
He stated clearly via his Twitter handle (@PeterSchiff) that Bitcoin needed no regulation from the Government. The bullish gold preacher started by saying he is in no way against people who use Bitcoin for various purposes; “medium of exchange, store of value”.
He then stated that he doesn’t think the Government should regulate the digital asset because he personally believes it won’t work and that a number of people that use the asset would lose a lot of money if the Government should regulate Bitcoin.
McHenry Says Bitcoin is “Unstoppable”
A Representative in the United States, Patrick McHenry, a pro-Bitcoin personnel has said Governments should not try to place a ban on Bitcoin as it is unstoppable. He made this known in 2019 during a hearing of the Committee on Financial services in July that year.
“The world that Satoshi Nakamoto, author of the Bitcoin whitepaper, envisioned and others are building is an unstoppable force”, he said.
He went on to state that the government should not try to deter the innovation as the governments that has tried to were not successful at banning the digital asset;
“We should not attempt to deter this innovation, and governments cannot stop this innovation and those that have tried have already failed. Due to the nature of the technology of Bitcoin, governments cannot kill it, nor should they.”
The CBDC will lower the cost of doing business – CBN
Nigeria’s CBDC to Run on Hyperlegder Fabric
NatWest Suspends Payments to Binance
Carlifornian Resident Files Lawsuit against Dfinity Over ICP Sale
At Huge Valuations, these Two Companies Are the Largest In Crypto
See Why OpenSea Has Becomes the First NFT Unicorn
Largest English Media in Hong Kong to Turn its Archives to NFTs
Nigeria Startup Bill Website Goes Live
The Nigerian Crypto Startup Bill: What To Expect
Watch the Latest Edition of Inside Blockchain – 29th Nov. 2020
Crypto Roast is LIVE – 27th Nov. 2020
AMA Series with Beam CTO & Tech Lead, Alex Romanov
Keep it Locked on to Cryptotvplus
Inside Blockchain | 16.11.2020
Inside Blockchain: WHY YOU SHOULD BECOME A BLOCKCHAIN DEVELOPER
How Blockchain Technology Can Transform Governance In Africa
Hedge Trading on OKEx
Trading cryptocurrency seems cumbersome to new traders, especially those new to the crypto space. There have been a lot of...
The Chances of BTC Dropping to 40k Is Slim – Prateek Suri
The founder and Chief Executive Officer of the Maser group, Prateek Suri joined Tony Obiajuru this morning, 15th March, 2021...
Binance Smart Chain; CeFi or DeFi?
The controversy around whether or not the Binance Smart Chain is centralized or decentralized was cleared on the Inside Blockchain...
How Earnathon is Making Crypto Adoption Easier
Earnathon is making cryptocurrency education and adoption easier with its unique learn and earn platform. It’s no news that the...
NaijaCrypto CEO Says CBN Cannot Ban Cryptocurrency Trading
The Chief Executive Officer of NaijaCrypto, Chiagozie Iwu has said on the Inside Blockchain Show powered by CryptoTVPlus that the...