"That argument is out the window"......not saying it is wrong but when people make assumptions you know what happens....it took decades until the US regulated/taxed tobacco effectively out of business. "are using it."...speculating is different than using it as a day to day currency. BTC Jesus just sold all BTC and bought BTC cash....always a new mouse trap.
Oh really? Just look up PM, BTI, LO and RAI. They are at or near all-time highs. The cancer stick business is alive and well.
We have to make a distinction between 2 different kind of payment usages: 1. Cashes out immediately to avoid currency fluctuation. This is not the real, intended usage for a currency. 2. Keeps and holds BTC for future purposes, sales. This is the real usage. The problem is that it is hard if not impossible to figure out where a transaction belongs.
I believe the majority of the tobacco revenue/profit is OUTSIDE US. and yes I know crypto is global, my point being do not assume it is ever too late for governments to get involve.
out of curiosity..do you ever use impartial sources for your information ? why is BTC jesus selling ? (real question)
Bitpay has to pay taxes for this growth in transactions so it actually makes sense for them to understate it. If you think they are not telling the truth, by all means please provide your own source of information. Roger Ver (claims to have) sold most of his btc to move to another crypto project, bcash. I'm happy for him but I believe in btc.