Leister
๐ค SpeakerAppearances Over Time
Podcast Appearances
Other than that, no, because if you don't do that, you're not going to get the adoption that you hope.
Think about it.
If they don't get the adoption that they hope, or it all goes offshore and under the, under the radar,
You're banking on revenue you're not going to get.
So it actually behooves them to be smarter about this and simply say, if it cashes out to fiat, we're going to nail you to the wall.
That discourages people from cashing out to fiat.
If we discourage people from cashing out to fiat, it actually helps preserve the value of it and increase the value of it over time.
But we know what the game is.
The game is that the IRS wants to take every last dollar they can get from you.
And in a world where they're increasing the adoption for cryptocurrency, they expect that people are going to toss their money over there to duck taxes.
That's why this came up and that's why it's going to be a problem if something's not done.
Speaking about something done, Washington, so that same President Donald Trump, Senator Lumis, Cynthia Lumis, presented a bill called the Mine in America Act and what they're trying to do.
is bring mining back to the United States.
At one point it was here to a limited degree.
And then most of it's offshore now, even if you buy the hardware and have it here, the hardware is manufactured in China.
And so they're trying to bring that here, set up manufacturing here, starting from the actual equipment that goes into the mining machines to better dominate the mining scape.
What does that do?
Well, if you can do that for Bitcoin, it adds control over the mining of the remaining supply that's there.
it's going to be high price.
These miners are going to be high price because of the cost of staff and regulations, et cetera.