Something Funny is Going On Here

Countries of the world do no like the dollars place as a World Reserve Currency.   This is reinforced by many economic situations around the world, and now we can add one to the list.  Bitcoin Adoption.

As is, for at least a hundred years, the USD has been the world reserve currency.   Trade for oil is only done in USD, banks around the world keep dollars instead of gold as a backup to their own currency.   Its just the way it is because the US wasn't decimated during WW2.

The United States has taken advantage of their status by borrowing 17 trillion dollars, and printing 85 billion per month.

The US Government gets to borrow at low interest rates and print money because we have reserve status.

I think we've made some countries a little upset with this "cheating"

The United States sees Bitcoin as a threat.   They are tackling exchanges, forcing them into licenses that cost millions of dollars and huge piles of paperwork.   They have been shutting down exchanges that dont comply.   Multiple states have attacked small bitcoin oriented business, and world wide, any bank that deals with dollars(all of them) dont give bitcoin businesses accounts.

The United States is waging a small and mostly silent war on Bitcoin.  The only thing this will accomplish is to push innovation and jobs outside the United States.

Dont believe me?    Let say that Congress just BAN's bitcoin entirely because of criminal uses.   Do you honestly think criminals will stop using it because its illegal?  No, because they dont care about the law anyway, they are criminals..   Banning Bitcoin only affects its users that obey the law.

The rest of the world almost seems to be celebrating?   I wonder why?

Canada has announced it will not regulate Bitcoin. link

German has announced Bitcoin is legal and will not regulate link  (this is generally applicable to the entire EU)

China promotes Bitcoin on their state run TV link

A Texas Judge declared Bitcoin a currency  link (note Texas is probably the "right" wing state)

Perhaps Bitcoin is onto something here.....Maybe countries are tired of the USD's use in world trade?