Why It's Almost Impossible to Shut Down Cryptocurrencies
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Ever since Bitcoin's (CRYPTO: BTC) inception, regulators worldwide have tried their hands at shutting down the world's first peer-to-peer (P2P) electronic cash payment network. Fear, uncertainty, and doubt surrounding regulatory crackdowns is drilled into investor psychology despite mixed results. In early September, cryptocurrencies' market cap fell by over 20% peak to trough on China introducing another round of legal restrictions regarding digital money.
But it's important to note that all these crackdowns have not dealt the finishing blow to crypto. In fact, Bitcoin is up over 35,000% since its inception and now has a market cap of over $900 billion. So why is it so difficult to put an end to cryptocurrencies?
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Source Fool.com
