Institutional acceptance of BTC has proven to be a great thing for those trading for cash. But wait! Trading for cash? The very funny thing is that so many crypto enthusiasts dislike fiat. Why then does everyone gauge the value of their crypto by fiat?
The notion of a private transaction is ultimately nonexistent with Bitcoin. Everything is public. Once governments pressure exchanges and wallets to submit to regulatory requirements of KYC there will likely be no anonymity in any manner of transactions. Taxation, regulation, liability, and ownership will be defined by existing governments and not by users or the blockchains. Cash might see a resurgence in inherent value as all privacy-oriented people become subjected to regulatory requirements.
