You’ve identified the upside with the immediate god candle of repricing, now let me tell you about the downside.

Every nation state in the US sphere now wants Bitcoin for international trade and they don’t have any. How do they resolve this?

They go get KYC lists from every exchange and start hunting down everyone who ever bought it in their jurisdiction. Any business which has reported it on their taxes too.

People say they don’t have the manpower to enforce this - this scenario is now an existential risk to these Govs, they will muster up the resources. This will become priority numero uno, overnight.

They will remand Bitcoiners who don’t cough up under the guise of National security. Forget about “rights”, they won’t exist. New laws will be created as needed and Bitcoiners will have a choice between handing over their keys or indefinite gulag (if the authorities can’t locate the seeds and outright steal it). They’ll have the media rile up their NPC drones about evil Bitcoiners and the people will be turned against them too - after all, why shouldn’t we “tax the rich”.

Fiat forcing hyperbitcoinisation is not a good thing. Yes they’d have to be desperate to try it, but does anyone here think this situation isn’t headed for desperate times? That the US empire won’t go to such lengths to maintain its power? That other nations won’t go hunting people for resources without which they will cease being able to be a government?