• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Amazon and Walmart Eye Launch of Their Own Crypto, Details
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Amazon and Walmart Eye Launch of Their Own Crypto, Details
Bitcoin could be stopped by governments pretty simply

Bitcoin Could Be Stopped By Governments ‘Pretty Simply’

Christine Vasileva
by Christine Vasileva
5 years ago
·
Posted in Bitcoin, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin (BTC) so far has built the reputation of “the honey badger of money”, rising even in unfavorable conditions. The network itself has resisted the censorship of multiple regimes, but could world governments ever bring down Bitcoin if they wanted to? 


Governments Powerful Enough to Sway Markets

Bitcoin could be brought down even without touching the network, says crypto analyst Alex Krüger. A recent discussion suggested a permanently low market price with no chance for a significant rally, could simply put investors off the asset.

Governments could stop bitcoin pretty simply.

How?

Just short it. Keep it under $1000 for a long while, watch most people lose interest permanently. No need to bother with 51% attacks. https://t.co/5cUtFGPDvd

— Alex Krüger (@krugermacro) November 19, 2019

Bitcoin is attractive in 2019 for its promise of rallying again to an all-time high, boosted by the expected “halving” and the scarcity of new BTC coming in each day.

But the crypto market has rather small volumes in comparison to the scale of mainstream finance. In theory, a government could use its immense financial power to sway the market in any direction.

The observation of direct government influence has already been made regarding the launch of futures markets. Analysts commented that the decision to launch BTC futures on CME and CBOE back in 2017 was a concerted move, which “tamed” BTC market prices.

Miners May Capitulate at Lower Prices

At the same time, trading BTC in 2019 is happening on largely diverse exchanges, and swaying prices on all markets would be problematic. If one entity acted on exchanges that determine prices for bitcoin futures, there would be markets that would continue with a highly independent valuation.

At this point, it is unknown which national government would decide to crack down on Bitcoin. The US and China are possible candidates, especially after the recent hawkish stance of the Chinese president on crypto assets.

So far, only smaller states have tried to ban the usage of bitcoin. The crypto space is not without its dose of censorship, as there is a rather long list of countries where residents lack multiple opportunities to gain access to crypto assets. Exchanges themselves enforce the ban.

Bitcoin market prices are also the factor that immediately boosts interest in trading and buying the coin. Currently, as BTC shows the potential to turn bearish and slide to a lower range, there is a marked withdrawal of trading volumes, as well as inflows to exchanges.

BTC slid further on Tuesday, down to $8,144.09, as November turned the tides on the appreciation. At much lower prices, experts warn that miners may capitulate, as prices under $6,000 put pressure on weaker farms. At below $3,700, even Chinese miners using cheap electricity may close doors.

What do you think about the potential for governments to affect BTC? Share your thoughts in the comments section below!


Images via Shutterstock, Twitter @Krugermacro

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christine Vasileva

Christine Vasileva

Follow

Christine Vasileva is a financial news and business writer, tracking the latest developments in fintech and the effect of blockchain and crypto-assets on global business and finance.

Full Profile

Related Posts

Bitcoin

Bitcoin Risks Testing This Critical Support As Bullish Strength Wanes

6 hours ago
Bitcoin

Bitcoin Golden Cross Suggests Potential Surge To $229,000 – Details

10 hours ago
Bitcoin Mirrors Gold’s Path – Analyst Sets Cycle Top Targets At $160K-$180K

Bitcoin Mirrors Gold’s Path – Analyst Sets Cycle Top Targets At $160K-$180K

11 hours ago
Bitcoin

Double Bullish Pattern Tips Bitcoin For $167,000 Target – Analyst

1 day ago
Bitcoin bull

Time To Long Bitcoin? Market Expert Reveals When $600,000 BTC Will Happen

1 day ago
Bitcoin

$750 Million Bitcoin War Chest: Pompliano Prepping Mega Crypto Fund

2 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • DOGE, XRP, Pi price prediction for June: Cloud mining may...

    4 hours ago
  • XRP and DOGE holders quietly turn to APT Miner, earning...

    17 hours ago
  • 2025’s Best Performing CloudMiner, Holding a Secret...

    20 hours ago
  • XRP and Doge Investors Quietly Move to APT Miner: Earning...

    21 hours ago
  • ETHRANSACTION Mining Platform: “Just tap your phone...

    21 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.