Its government controlled regardless. Unless you have entirely free, unregulated, sovereign free energy, electrical distribution and internet infrastructure.
Crypto is just as reliant and controls by governments as regular assets. Its the same amount of steps removed as any “finite” item. But relies even more on the government then say gold.
Because it’s required to convert it to a normal currency to spend it or obtain it. It also intrinsically ties it self to government controlled currency.
Which in turn if a government really wanted the us or China for example could just start buying all of it with their control over the currency that the crypto requires to exist to have value.
Once they control the majority of it they just own it functionally.
Its government controlled regardless. Unless you have entirely free, unregulated, sovereign free energy, electrical distribution and internet infrastructure.
Crypto is just as reliant and controls by governments as regular assets. Its the same amount of steps removed as any “finite” item. But relies even more on the government then say gold.
Because it’s required to convert it to a normal currency to spend it or obtain it. It also intrinsically ties it self to government controlled currency.
Which in turn if a government really wanted the us or China for example could just start buying all of it with their control over the currency that the crypto requires to exist to have value.
Once they control the majority of it they just own it functionally.