Interesting scenario to think through.
US Gov / The Fed would like to outright ban Bitcoin and Crypto as it bleeds fiat. Doing so explicitly however would cause a Streisand effect and be ineffective.
It will be received as strong by fiat bulls and bearish to anyone with brains.
How bad do things have to get before they reach this level? An Executive Order prohibiting the holding / transfer of Bitcoin?
My Bitcoin is in my brain. They would have to ban memory.
Could they stop you at a border crossing and point to KYCed holdings on the blockchain?
I think they know that they would need to collectively ban it.
I don't think they're able to do that yet.
2028 would be my bet.
I think they’re aware of how impossible a ban would be, but that isn’t going to stop them from doing it.
So the question is, how bad do things have to be for them to go to these lengths? And what are the results?
How many bitcoin holders get on a plane and leave immediately?
How do markets react?
How do other countries react?
How does everyone else look at Bitcoin in that event?
I think they also know it's game over at that point.
It would buy them some time & cheap bitcoin, nothing more.
I don't think we'll see it until bitcoin surpasses $1m
Conservative states start to fight this. More statist leaning politicians push for the CBDC and banning bitcoin. I think this could lead to a major split in our country.
