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Why not suppress the Bitcoin market (why does the country not crack down on Bitcoin)

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Why not suppress the Bitcoin market

Why not suppress the Bitcoin market? Why not suppress the BTC market? Let’s take a look at the introduction of Bitcoin first How Bitcoin was created has been in a frenzy since 2013. With the development and continuous maturity of the market, more and more investors are aware of the opportunities and challenges that this asset brings during its development process. However, due to various reasons leading to high price volatility, liquidity, and high risk issues, many investors are skeptical about the use of special currency. 2、 The reason why the trading volume in the coin circle is low is due to the price increase caused by the lack of any financial support; 3、 As a new thing, Bitcoin has certain speculation space, but at the same time, it is accompanied by a larger speculative foam. These are all important factors that affect the future trend of Bitcoin What are the main driving forces behind the sharp decline in currency prices? There are mainly the following aspects: firstly, the rapid changes in the digital currency market (such as competition between exchanges) have made people’s interest in counterfeit coins apparent; Secondly, the price of DeFi project tokens continues to rise, allowing more people to participate in the world of decentralized finance; Finally, there is the emergence of mainstream currencies and other emerging projects. 4、 What is Stablecoin? Why does Stablecoin become a means of payment? If Stablecoin can get more usage scenarios and provide better services, it will attract more users to join in to gain more revenue

At present, many Stablecoin have been launched on the market, including some exchanges such as Binance and Huabi, but according to the latest data, less than 1% of the circulation supply is in circulation, which means that most USDTs are in circulation. That is to say, although some Stablecoin in the market are still in a relatively early stage, they are still a small market, and their own value is also very high, so it is difficult to get enough returns. In addition, although Bitcoin still has great potential, because its volatility is too large to hold or continue to issue, the issuer of Stablecoin must bear huge losses. Unless this happens again, Stablecoin will face great uncertainty, and even be forced to liquidate. Will five or six different Stablecoin play a role in the short term? Bitcoin’s recent rise has been quite good, but it has been fluctuating and falling recently, which is caused by the manipulation of traders

Why don’t countries crack down on Bitcoin

According to btcmanager, the recent surge in Bitcoin has had a negative impact on governments’ attitudes towards digital currencies.

. Although national institutions have started to crack down on the industry, they have not taken any action, and instead, under regulation, people believe that encrypted assets are criminal activities. “If we want to become a legitimate means of transaction and payment tool,” said United States Secretary of the Treasury Steve Mnuchin. He also pointed out, “When you buy Bitcoin, don’t put your money in one place. If you want to buy Bitcoin with your fiat currency

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