An interesting article and I will need some time to absorb it . . . But, the fact that I need some time to think about likely means that the author is right. The government and then the cleared sector will likely look at it with suspicion for a while.
I really don’t see a big difference between this and many other everyday transaction systems. Ebay and Paypal? You MIGHT be buying that sweater or old guitar from terrorists trading to earn money. But, the slight anonymity means that you likely CAN’T know. Craigslist (for merchandise and services, NOT the other stuff!) is pretty much the same. The guy that you found to replace your iPhone screen for $60 could be doing the work to launder money or some other nefarious purpose.
The 7-11? The pizza shop? The laundromat? Cash businesses have been used by criminal organizations for years. Even accountants and tax prep businesses.
Has anybody here owned Apple stock? The value isn’t only affected by U.S. domestic policies but it is affected by foreign policy and our relations with China. If you are heavily invested in Apple, wouldn’t you prefer that China do well?
Personally, I think that cryptocurrency is a huge bubble (that I DO wish I had had the foresight to jump into) that will eventually collapse under its own weight and supposed features. The U.S. dollar is no longer backed by gold and silver but Bitcoin is STILL backed by even less.