Fundstrat’s Tom Lee Thinks Bitcoin Could Be Banned By U.S

Fundstrat’s Tom Lee has raised concern on the possibility of the United States government clamping down on anything related to Bitcoin by stipulating measures to curtail adherents of the digital assets from making use of it in buying, selling or keeping for future use.

Tom Lee deduced this observations owing to the country’s stance on e-cigarette and the widespread news that the government is preparing to ban e-cigarette, claiming the vituperation may be extended to cryptocurrency in the not so far time.

e-Cigarette to be Banned

U.S. Health and Human Services Secretary Alex Azar, conversing with reporters on Wednesday, indicated that everything is been done by the country to declare flavored e-cigarette an illicit product.

The decision became necessary after an outbreak of a vaping-linked diseases incapacitated many people in the country, killing nothing less than six within a short period.

The death toll resulted in the U.S. president holding a policy discussion on the issue on Wednesday.

Now, Federal health officials are demanding immediate restrictions to fight the outbreak of the lung disease and other possible outbreaks.

According to Alex, the Food and Drug Administration is on the verge of bringing forth a guidance that will result in the government ordering the removal of non-tobacco flavors of e-cigarettes within a month.

U.S President is No Fan of Bitcoin

Meanwhile, Tom Lee’s foretelling came not long after the country’s leader, Donald J. Trump declared his unsolicited views on Bitcoin and its look-alike, looking at the whole cryptocurrency world with absolute disinterest.

Trump concluded that cryptocurrency are not far from scam and made from thin air, a concocted statement known among enemies of the nascent technology.

He said in his series of tweets on cryptocurrency that he’s “no fan of Bitcoin”, an action move that served as a clog in the wheel of the progress of Bitcoin and the cryptocurrency market at large.

Anything Can Happen in the U.S.

To Fundstrat, anything could be banned by the U.S. government, especially by the present inhabitants of the White House.

Lee said White House can bring in an executing order declaring Bitcoin and other cryptocurrency illegal.