Central Bank Banning Bitcoin (Exits Closing)
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If Bitcoin has no utility, why are so many governments and central banks so eager to ban Bitcoin?
Late last week, the Argentina central bank prohibited banks and other financial services companies from offering Bitcoin to their customers.
The Argentine government and central bank are trying to prevent further capital flight, as inflation skyrockets and the Argentine Peso (ARS) continues its fall.
Bitcoin is an excellent hedge against hyperinflation, money printing, and central banker incompetence. That is why it is so important to accumulate it now, while it is still relatively easy to do so.
Governments and central banks around the world will continue to try to close the exits, as they continue to boil their populations alive with inflation.
Bitcoin is an essential life boat in this environment.
Not investment advice! Consult a financial advisor.
Read "The Mandibles" novel:
• The Best Bitcoin Book Ever (Mandibles)
“Big Short” Investor Argues Bitcoin (BTC) Has No Utility:
https://u.today/big-short-investor-ar...
Warren Buffett: Bitcoin Has No Value:
https://www.fool.ca/2021/01/16/warren...
Argentines buckle as inflation tops 104%:
https://www.reuters.com/world/america...
Argentina Slams Brake On Crypto, Banning Purchases Through Banks:
https://www.bloomberg.com/news/articl...
Announcement from Argentina central bank:
https://bcra.gob.ar/Noticias/proveedo...
Shut The Exits, Boil The Frogs (Financial Repression):
• Shut The Exits, Boil The Frogs (Finan...
Shut The Exits, Turn On The Money Printers:
• Shut The Exits, Turn On The Money Pri...
BRCA tweet:
/ 1654216302494461952
Bitcoin Traders in Argentina Restricted From Buying Dollars:
https://decrypt.co/105772/bitcoin-tra...
"If there is an escape, that escape will be used":
https://decrypt.co/53962/bitcoin-glob...
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#Argentina
#Inflation
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