From this report:
I get it that gold can be a reserve asset for a state and then you keep it in the basement in your central bank. Unless your country gets invaded and the invaders get your central bank’s coffers, your money is safe there. With Bitcoin, I guess…this is a question for you. If President Roosevelt could seize gold in the 1930s, and then devalue, I think the ultimate tail risk for Bitcoin is just breaking the security key, and there you have it. Some state actor could do something like that. So what do you think about that?
Seems like Zoltan Pozsar does not understand cryptography.
Here is an explainer of why not even all superpowers combined could hack a #Bitcoin private key:
https://youtu.be/S9JGmA5_unY