Legendary Investor Warns Bitcoin Ban ‘Likely’ As Price Suddenly Soars Toward $60,000

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The billionaire founder of the world’s largest hedge fund and legendary investor Ray Dalio has warned he thinks there’s a 'good probability' bitcoin will be banned by the U.S. government...

In the 1930s, President Franklin D. Roosevelt made gold ownership illegal in the U.S. in an attempt to shore up the Federal Reserve's gold supplies so the Fed could justify printing more dollars.of a proposed bitcoin ban in India as potentially laying the groundwork for a more widespread crackdown on bitcoin.

“[We] have to see what [reports of a proposed bitcoin ban in India] means," Dalio said."Now, can they do it? Yeah. Now we get into the particulars. My understanding from people who are sort of in government surveillance is yes, they can understand, they can track it. They can know who’s dealing with it ... I would suspect it would be very hard to hold up against that kind of action.

While previous attempts by governments to ban bitcoin—most notably by China during the huge 2017 cryptocurrency boom—have largely failed, there are growing fears the U.S. could be headed toward a bitcoin clampdown. Last month, Treasury Secretary Janet Yellen warned bitcoin is an"extremely inefficient" way to move money and sees it mostly as a facilitator of"illicit finance."

These comments were echoed by Fed chairman Jerome Powell, who this week said bitcoin is"not really useful as a store of value," as it's"not backed by anything."

Source: Digital Coin News (digitalcoinnews.net)

 

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Countries can't ban Bitcoin. They can only ban themselves from it. Distinct difference right there. I think the US understands

FUD, FUD, FUD - are they going to shut down the Internet then? 🤣 FUD BTC

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So government plans to ban a DeFi? Not making much sense. In his principles, Ray wrote about how in his investment career he has been wrong many times throughout his career. 🤷🏾‍♂️

This is already old news that have been discussed and is clearly fud, no one can ban btc

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Elon Musk Warns People To ‘Invest With Caution’ As Dogecoin Rallies Ahead Of His SNL AppearanceI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com With this warning now it will definitely hit $1 soon 😂 Aka He’s about to sell all his doge 🚀🚀🚀😂
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Elon Musk Warns People To ‘Invest With Caution’ As Dogecoin Rallies Ahead Of His SNL AppearanceI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com I hope he makes a joke about dogecoin in his SNL appearance. We don't buy bitcoin We earn Bitcoin via new trading strategy I'm ready to show 10 new/old investors how to earn BTC and more weekly (Ask me how) Or Kindly send Dm.., Too late. Going to the moon.
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Elon Musk Warns People To ‘Invest With Caution’ As Dogecoin Rallies Ahead Of His SNL AppearanceI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com Thus, SNL appearance is a sell signal 😂😂😂 If you businessman and barely making ends meet. Would you accept dogecoin or ask the customer to comeback when he/she has sold the dogecoin for bitcoin? This crypto can only go down, as a currency it sucks.
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Elon Musk Warns People To ‘Invest With Caution’ As Dogecoin Rallies Ahead Of His SNL AppearanceI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com nice Elites trying to scare little guys. Pathetic.. 🤣🤣 😂😂
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