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lucash.dev 2y ago

I believe at some point in the near future governments will *beg* “crypto” to bail them out.

Yes they will try to force their way. They will tell you to hand over your sats, register them and what not.

But it’s not going to work as well as they *need*.

They will end up **begging**

And some crypto billionaire or fund might well end up de facto owning the government.

And that’s terrifying thing.

But that’s not “crypto’s” — it’s the government that put itself in such position.

In fact one could argue the government has put itself in such position repeatedly— with various groups bailing it out and de facto owning it.

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lucash.dev 2y ago

E.g. real estate has in fact bailed out the government for decades — by absorbing a huge share of newly printed dollars and making the devaluation of the dollar less apparent. Real estate bails out the government by absorbing inflation and risk.

Admittedly this is the opposite of the usual story. But fiat needs new money to be created non-stop to kick the can further down the road, and real estate buyers are (mostly inadvertently) bailing out the money printers by taking on that debt.

Perhaps the same will happen to crypto.

Newly printed dollars will flow into crypto (not just BTC, sorry but that’s just the way things are, the big battle of coins will come later).

BTC, ETH and others will appreciate at an astounding rate — and not as much of the new money will go into buying groceries or homes.

I believe crypto has in fact become “too big to fail” and regulators are starting to notice it.

They will fight with reality a bit more. But they can’t win.