Once you are aware of what lontivero (nprofile…8lsg) has written, you will notice that all the restrictions currently being implemented by the EU or other entities will only accelerate the transition to a parallel market (call it black market, if you want), which, unlike fiat, cannot be stopped. In other words, thanks to the way Bitcoin is built and functions, tyrants have no solutions, no matter how hard they try to prevent the Bitcoin revolution 🟠 .
quotingIn Argentina, it was prohibited to buy, sell, or exchange foreign currency. Whenever the "blue dollar" (the free/black market exchange rate) surged significantly, the government dispatched police to apprehend currency exchangers and intimidate potential participants.
nevent1q…6w8f
I struggle to see how this same pattern won't eventually replicate on a global scale. We may soon witness the emergence of a "bitcoin blue" rate that substantially diverges from the prices listed on regulated exchanges.
As I have observed in my country, the incentive to arbitrage are an overwhelmingly powerful. Purchasing restricted, undervalued bitcoins and reselling them in unregulated markets at repetition is something that no government intervention can stop.