RE: HBSC: Allocate Portion Of Portfolio To Crypto
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Question??
Do you think that crypto will always be decentralized or will in in the future end up a centrailized thing?
With banks in the US grtting involved in crypto, I see an opening for our governments to jump in & try to take control.
What I know about this is that as long as your crypto is crypto you have nothing to worry about but once you convert your crypto into USD, **you now have to consider it income & should add that income to your taxes each year. The US government treats crypto as they do stocks & other investments.
**I am not a financial advisor & readers should do their own research.
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That is the multi trillion question.
I have a feeling there will be decentralization in the long term. However, we are going through a hybrid time where the centralized entities are going to be involved.
We are going to see a lot of the older systems hijacked, like Ethereum.
However, we are also seeing development in the open, decentralized world which is promising.
I really hope you're right on this.
I just know that here in the US the government is always trying to control everything. I'm safe for now though, I just swap out one token for another never taking it off hive or converting to USD.
All governments try to control. That is their nature. It is why that, no matter the system, we end up with tyranny run by parasites.