You don't have to like Bitcoin, but you can't ignore the digital age.
Similarly, you didn't have to be a Netflix subscriber to understand the trend to replace retail store movie rentals.
Heck, you don't even have to like movies.
Let's start with this simple question.
Are digital assets securities?
The US has permissive policies toward digital assets, but the lack of coordinated regulations is causing problems for investors.
Multiple agencies have tendered opinions on digital assets.
Let's take a look at a few of them.
SEC
Treasury
Federal Reserve
Commodities Futures Trades Commission
The IRS
I wonder why governments are concerned about digital assets?
Some governments have adopted bitcoin as tender, but some have adopted restrictive policies.
Many governments have adopted their own CBDC.
A CBDC is a Central Bank Digital Currency.
Like technology and manufacturing policies, countries that have developed friendly policies towards digital assets will reap their rewards.
Who uses coins and paper currencies anymore?
Printing bills and making coins cost governments around the world millions.
Criminals love cash, and criminals can also misuse digital assets. However, criminals hate regulated digital assets.
The digital age is here to stay. Ignoring the trend is like telling people 20 years ago that online banking won't last.
We have no choice but to prepare for the digital asset revolution. At least be informed enough to understand it.
You don't have to like digital assets or invest in them, but you can't ignore the digital age. Therefore, one must understand the space.