Bitcoin will be killed by legal regulation
– According to Harvard professors.
According to some Harvard economics professors, crypto coin Bitcoin will eventually disappear due to legal regulations to be brought.
According to some Harvard economics professors, Bitcoin will eventually disappear due to legal regulations. Professor Kenneth S. Rogoff believes that the financial anonymity risk will create an environment in which Bitcoin will collapse:
“Small anonymous transactions with virtual currencies … It looks attractive, but it makes it difficult to counter taxes or criminal actions for large anonymous payments.”
This view is shared by his colleague Jeffrey A. Miron, who has a Libertarian perspective, in a different vein. Miron believes that central governments will destroy technology:
“Governments may allow cryptic currencies to survive peacefully, but they may not accept them as a means of payment, and I think it should be done. I think sooner or later governments will make arrangements to erase their cryptographic currency from their history. ”
It is a fact that such a legislative arrangement is possible because more than one country already limits Bitcoin. For example, China has banned all ICO activities in the country and has restricted access to the stock market.
On the other hand, Bitcoin is not anonymous at all. Users regularly make mistakes that remove the so-called anonymity of Bitcoin.