THELOGICALINDIAN - Bitcoin could see a absolute ban in the United States if its amount alcove 100000 a wellknown industry analyst has warned
Tom Lee: ‘Nothing Out Of Reach’ For US Gov’t
In a Twitter debate about Washington’s breeze ban on flavored e-cigarettes on Sept. 11, Fundstrat Global Advisors co-founder Tom Lee vented apropos about lawmakers’ ability to clean out absolute markets overnight.
A approved Bitcoin [coin_price] commentator, Lee acclaimed antecedent negative comments on crypto by President Donald Trump and his administration.
The affluence with which e-cigarettes will abandon from the US, he suggested, meant added advancing phenomena could ache the aforementioned fate.
“This is un-related but shows White House can affair an ‘executive order’ banning anything. And could alike ban bitcoin,” he wrote.
“Not assured it. But with accepted White House, there is “nothing out of bound nor out of reach.”
According to a statement on Wednesday, the US government and the Food and Drug Administration (FDA) are bent to eradicate e-cigarettes, at atomic temporarily, in adjustment to appraise their safety.
Complaints adduce manufacturers such as Juul are advisedly targeting arrears consumers with nicotine-based products. Reports of a “mystery” lung ache on the acceleration accept affronted demands for a ban.
Now, flavored e-cigarettes will no best be accessible for acquirement legally, and charge be aloof aural 30 days.
Agreement On $100K Bitcoin Ban
Continuing the agitation about the likelihood of a Bitcoin ban, Lee argued government attitude anon depended on price.
Trump tweeted his animosity for cryptocurrency back BTC/USD circled $10,500. Should it become account ten times that he said, the Trump administering would be abundant added acceptable to forbid US association to use it.
“True, agree,” he wrote in acknowledgment to addition Twitter user who anticipation the $100,000 ban.
While the abstraction of a accompaniment outlawing the allegedly ‘unbannable’ decentralized Bitcoin generally blaze anger, little affirmation has emerged of how governments would administer such a law.
Attention currently focuses on India in particular, area authorities accept again alleged for the criminalization of any cryptocurrency not accustomed by them.
While some absolved the abstraction as absurd by default, Delhi sparked considerable anger from the industry. Tim Draper, the billionaire broker and adherent of Bitcoin and Blockchain activity Tezos, alleged India’s government corrupt.
“They are in actuality saying, ‘we will not abide progress.’ It will set them aback 40 years,” he said in July.
Do you anticipate the US would ban Bitcoin at $100,000? Let us apperceive in the comments below!
Images via Bitcoinist Image Library
