Ray Dalio, the billionaire founder and co-chairman of the world’s largest hedge fund, Bridgewater Associates, has warned that governments will “outlaw” bitcoin if it continues to develop and begins to turn out to be “materials.”
Whats ‘materials’? I guess if money is in the control of the masses and not the government. Well money today is nothing more than how fast the printer can churn out the green stuff.
They can ban it, but never stop it.
When banks have this large of a share, it’s hard to imagine laws will stop this train.
That is the benefit of big banks getting in on it and the likes of paypal. They all have lobbying power that we don’t. It at least affords us minions some protection. Protection we’d definitely not if it weren’t for institutions getting in on it.
Although possible to ‘ban’ BTC in a specific country by law, wouldn’t people just get around this with a good quality VPN and a couple of inconveniences (apart from breaking the law bit!)
Also, what happens to all the other thousands of blockchain projects - good luck, I enjoy reading how you invested in the future, fat cats and gold bugs 
Prohibition doesn’t work.
Time to call FUDBuasters.
This guy is a fool. You can’t ban bitcoin, it’ll easily continue to exist. The US could be able to ban on-ramps which will make it harder to obtain bitcoin, but it won’t do anything to people who already have it
It’s so funny to me that these people come out with these last effort ways to stop Bitcoin lol
It must be painful for them to admit they were wrong.
What I say : " NO" they can’t.
it’ll thrive in black market.
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This guy has been negative on Bitcoin for years… take it with the same grain of salt you would when you see the calls for $100k Bitcoin from big hodlers.
A gold bug no less…
He is saying it now because he missed out on the gains. Super wealthy people like him will eventually flip, just like Michael Saylor and Jim Cramer. Maybe after this bull then bear cycle.
Any attempt to ban would result in an uprising the likes of which governments would not like. It would make the election civil unrest look like child’s play. Don’t trample on fundamental human rights such as the right to own and trade property, the right to privacy, and the right to freedom of expression.
That is the problem, since banks control most of it. It will be very heavily regulated, that one will need too much money to fulfill regulations that only banks can meet them.
Then what will happen (which it already is happening ) is that banks will issue digital tokens against the bitcoin they hold.
But just like gold and even fiat, the actual value they hold will be just on paper i.e. derived value… i.e. fractional banking.
And then the circle is complete.
I can see that in the far future but with the innovation in decentralized contracts in ETH we will still have a stable coin after bitcoin is consumed.