Bitcoin Advocates Say “This Is Why We Bitcoin”

[madmax]

The crackdown has energized Bitcoin advocates worldwide. Commentators argue Vietnam’s move hands banks and the state “next-gen financial surveillance powers”, allowing them to decide who can access their funds. Industry voices like Marty Bent and Daniel Batten say this reinforces the case for permissionless money: once your wealth is in Bitcoin, no government can suddenly demand new ID rules to unlock it. Past crises in Lebanon, Nigeria, and Cyprus show similar restrictions — leading many to see this as part of a broader global pattern of financial control.