So, people now talk about Bitcoin as a store of value instead of as a currency. I’m confused as to how central banks will respond to this? Right now, bitcoin is not widespread. Assuming bitcoin becomes more used by financial institutes and ordinary people and starts to be comparable to Gold as a store of value (in terms of number of users), wouldn’t central banks lose capital controls? That would be against the interests of every government on earth and wouldn’t that create a huge incentive for governments to ban bitcoin? Thanks.
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