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104 sats \ 1 reply \ @justin_shocknet 5 Apr freebie \ parent \ on: In a Post Bitcoin ETF World What is the Threat That Most Concerns You? bitcoin
Market cap of Bitcoin is <1.5T
Even if they could confiscate every Bitcoin and could mark it to market it'd cover at most 1Q of federal spending
As the dollar falters it only becomes less because dollar supply is a direct function of the spending
Some forfeiture regime assumes a complete breakdown of law and order, in which case Bitcoin is still the safest thing you can own... imagine owning a rental property in Portland OR for contrast...
But, they don't need to use a legal framework to seize it though, that'd be going through the front door and silly... it'd likely be much more insidious, something like the CIA phones up the MSM to run 24x7 stories about $5 wrench attacks until everyone puts their coin into a regulated custodian
I don't think it would be a revenue grab. The intention would be to kneecap an emerging threat. I'm sure they'll also use an intense propaganda campaign.
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