Think you need to sort out the wheat from the FUD.
Smart money has been in this space for a lot longer than many think. As with any evolving technology, there will always be the doomsayers. Depending on your age, I remember the first time I saw a computer in Chapel street, South Yarra in a shop window Commodore 64. My first inkling was, I got to get one of those.
Next was the internet explosion. Again, the media was all over it, that it would never last, just another FAD. Then Microsoft and Windows in the early 90's. Apple was born.
BTC, blockchain technology is here to stay in one form or another. I have no doubt.
Sure Booms and Busts will continue to happen, as with any changing of the guard technology. Blockchain technology has grown in leaps and bounds, especially over the last few years. I bought my first BTC around 2012-2013. Also bought a huge amount of DOGE around 2013-2014. There was something like 5 or 6 zeros before the decimal point.
Point being, don't scoff at the mathematical brilliance of BTC and the Blockchain technology that is rapidly developing. In between the technology, the Oracles, Dex's, Defi's, NFT's are creating and building a structural network that will far surpass anything you or I could possibly imagine.
The financial system is one of the big ones that we are witnessing right here and now. It cannot be stopped. No regulator, no country, no military will stop it.
What are governments, central banks doing about it? Simply put, they know they can't stop it and therefore are working at ways to Tax it through adoption.
