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Throw some money printer fuel on the fire and we’ve got the catalyst for the bubble.

The back of this might be Bitcoin’s “6102”, but rather than a seizure, a “bailout” where the US Government steps in to cover and shifts the coins from these public companies to Treasury because the risk is too systemic to let them fail.

Perfect way to destroy the Bitcoiners narrative by making it look like they’re no better than the wreckless bankers of 2008, and now the US Gov controls 10-20% of the supply + regulated ETFs + regulated Exchanges - perfect setup to reset the US dollar system.

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stacktoshi 🚀 ∞/21m 7mo ago

So some thieves steal bitcoin (worse case; more likely force a sale) and that would make bitcoiners look bad??

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Discussion

Toxic Bitcoiner 7mo ago

Too dangerous for individuals to custody, “institutional grade asset”, yada yada, give it to us instead it’ll be SAFU.

StackSats.IO 7mo ago

Think about the communications if this happens.

How will the Trump regime frame it? Well Trump is the saviour, as always, and that means Bitcoin’s side has to be the villains.

How is M5M going to handle it? They’re going to go nuts about Trump bailing out and demonise the shit out of Bitcoin because to this day none of them understand it but it threatens the system so of course it’s going to be painted as evil, perfect opportunity for taxes and restrictions to appease the left.

And who is going to stand up for Bitcoin? The devs who communicate like retards? The podcasters? The Bitcoin Treasury guys who just got bailed out?

The truth won’t matter if this does play out, only narrative will and we don’t have narrative control.

Exodia38 7mo ago

Demonizing Bitcoin is Streisand. That move could backfire badly for them

Toxic Bitcoiner 7mo ago

Each of us has a role to play in the narrative, more than we might realize. There is no “they”, it’s just us.