Bitcoin and all other cryptocurrencies have only one true enemy; The banking cartels. Recently it was revealed that the Polish Central Bank funded videos on YouTube in an attempt to attack Bitcoin. But this is not new. Since the beginning of 2018, Bitcoin has been under attack by false statements by China, Korea, and India claiming they will ban cryptocurrencies. This type of falsehoods caused Bitcoin to crash to nearly $5,000. But now that air is clear, and people see through the lies behind these stories. As of the day of this article, Bitcoin is at around $10,000. So much for the FUD!
So why all hate? The answer is simple. Bitcoin is a real threat to the central banking ecosystem. For as long as banking has existed, the banks have always controlled the money supply. Whether that is precious commodities or fiat, all forms of value have a bank behind it. That is, of course, until Bitcoin came along and ruined their cozy little honey pot of control.
The concept of digital money is not new. Back in 1999, Milton Friedman accurately describes that we would have digital currency. As you can see and hear in this video below:
He was right. Every single thing he said came true. We have it now and is out in the world. However, banks could have killed Bitcoin in its infancy, but they miss the opportunity, and now they are scrambling to try to slow down the growth. But, that is the only thing they have been kind of successful. Sorry banks, the genie is out of the bottle, and the bottle broke.