The debt and obligations of the western world are now higher than ever and still increasing. Declining demographics and long term economic time cycles pointing down into 2022 / 2023 time frame indicating that the next few years might be the time of reckoning.

But what does bitcoin and crypto currencies in general have to do with it?

Our forecasting research of social trends indicates that the western world and specially Europe will introduce even more regulations related to cash, deposits, transfer of money, limits on withdrawals, etc. It is very easy for them to include Crypto Currencies by saying the same regulation apply.

We have reasons to believe that Crypto Currencies like Bitcoin will not be spared. Governments have collective decision making and they are slow learners, so things takes time. However, they do learn in the end and compliant exchanges in these regions with their clients deposits are “sitting ducks” for increasingly assertive and desperate western governments trying to put their hands on any cash they can, scrambling for dollars to pay for their ballooning debt and obligations that are at unmanagable levels.

In other words, more assertive western governments introducing draconian restrictions might be the biggest risk of all for Crypto Currency Exchanges and their clients over the coming years.

This can not happen in a “civilized” country, right? Well, with fiat currencies this occurred in the seventies in the U.K., and is happening today in Argentina and Cyprus, just to mention a few well known countries as examples.

Geir Solem

Cryptor Trust Inc.

Share this: Facebook

LinkedIn

Twitter

Telegram

More

WhatsApp

Reddit



Tumblr

Pinterest



Pocket

Print



