This could play out many ways.

But, one way is to centralize the custody of #bitcoin through a handful of institutions like Blackrock, JPM, or others to take custody only through ETFs(paper bitcoin) or through #401k or #ira

I could see a future where they attempt to ban self-custody of #bitcoin. Governments will only allow #kyc #bitcoin to be used with merchants. nostr:note14uqghdvtu2nlwg0jy6xasyzv03zyztvx4v6qmuyaw9393zt6ms9shgmzdp