My Investing Muse

< Personal note: while we can make (or lose) money from various assets, cryptocurrency trading remains volatile and speculative in nature .  Let us do our own due diligence #DOODD before trading.  Let us not leverage and only use money that we can afford to lose.> List of countries where Bitcoin $BTC is illegal: ( Source ) where would we run into a roadblock for Bitcoin or Crypto? Countries Where Bitcoin Is Illegal While Bitcoin is welcomed in many parts of the world, several countries are wary of its volatility and decentralized nature. Some also perceive it as a threat to their current monetary systems while being concerned about its use to support illicit activities like drug trafficking, money laundering, and terrorism. Several nations have outright banned digital currency, while others have tried to cut off any banking and financial system support essential for its trading and use. Countries With Implicit Bans The Library of Congress identified 42 countries with im...

D uring a recent interview with Yahoo Finance,   Ray Dalio has shared his concerns that Cryptocurrencies may be outlawed .  Governments would want a monopoly on money and they have concerns that Cryptocurrencies may jeopardise their currencies' role - leading to depreciation & dilution of value.  Mr Dalio has also expressed his preference for gold over Bitcoin (BTC) despite their performance.  However, this does not stop Mr Dalio from owning some cryptocurrencies. The volatility of BTC can render its own downfall, as a medium of exchange.  Of course, the people would not mind when BTC appreciated but it could also post equal downside.  For regular citizens, the drop of value from USD$63,000 to USD$28,000 within 3 months (Apr 2021 to Jul 2021) can lead to much chaos.    On its way to being a successful currency, cryptocurrency will be a threat to the legal currencies , thus, leading to a possible ban.  India and China have respectivel...