Bond’s statements come amid rising institutional adoption of the leading digital asset. He calls Bitcoin “particularly vile,” “pointless,” and “damaging to the environment.” Beyond the negative environmental impact of Bitcoin mining activities, Bond claims that the cryptocurrency is spearheading “a particularly extreme form of libertarian anarchism.” According to him:
Bond is right about one thing though. Bitcoin could significantly affect existing financial structures, particularly, the “governments’ ability to tax.” In order not to lose this privilege, regulators may be forced to kill Bitcoin.
Early this year, billionaire Ray Dalio shared a similar view when he said that Bitcoin’s greatest undoing would be the government.
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