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RE: Did India Ban Cryptocurrenty | How India Impacted Bitcoins Price Drop
Many politicians do not understand crypto and actually state in public that BTC is used for anonymous drug deals and funding terrorism as if cash has never been used for the same thing, lol. This latest flabberwapper just makes me think that someone in the know wants a cheap buying opportunity before their cash collapses. Think about it; governments around the world use Gold as their reserve instead of their own fiat toilet paper. I have a bank note of 1 Million Peruvian Intis and it doesn't even make for good toilet paper nor will it buy any, lol. Welcome and good luck here on Steemit/DTube. Greetings!
They are not stupid by a long shot hence the gold as the reserve. You said it right, they are preparing for the collapse the same way we are. Thanks!!