This has been my thesis all along, with caveats.
BTC will not totally destroy and replace the current elite. It will prune the tree of the most inept and closeminded among them.
Soon we will see the incumbent elite suddenly shift and go full throttle after bitcoin to coopt it as much as possible.
What BTC does is give a bunch of nobody plebs outsiders like us the opportunity to take a lift and make it to the top, unwelcomed.
The cooptation is already happening in part, here and there, but the fact that a powerful faction still insists on "dealing with the problem" by trying to destroy it (e.g., most of the US political elite) makes the rest be overtly cautious.
In my opinion, they have given themselves a very clear deadline: Jan 1, 2025. That's the date the Bank of International Settlements has set for central banks to "legally" start to put BTC (and likely ETH) on their balance sheets, up to a 2% (and no limits on stablecoins). After that, the cat is out of the bag.
And as an aside: if you're a hodler, stop telling people they're not late. This is clearly it. I think even now it's already to late for normal people to accumulate enough BTC quickly enough to be life-changing. After central banks come in, forget about ever being able to even buy BTC anymore.
They also clearly bank on "dealing with the problem" that current bitcoin hodlers are later on.
I wouldn't put it past them to try and pull another gold confiscation act on us. It may be impossible in practical terms to confiscate our bitcoin, but it seems to me quite easy to prevent us from using it without permission.
For instance, they may make it impossible for a private individual to get BTC-collateralized loans from fiat banks. Or they may make you pay your BTC-related taxes in BTC, to slowly but surely syphon your BTC to their hands.
This is a potential reality that I see hardcore botcoiners refuse to acknowledge. They smugly dismiss the idea, like religious people tend to do with things they don't like to hear: "it's just impossible", without really giving any arguments, or giving stupid ones like "you can always move to [insert remote country with either horrible living conditions, or a millionaire playground]".
We're unwelcome to the 1% party. There is a big bad bouncer at the door and we're gonna have to either beat the fuck out of him and his friends (unlikely), or sneak in through the back door until we're found and kicked out, or just hope that one of the insiders finds us funny enough to invite us in and slowly, little by little, meld into the crowd of crooks, cons and thieves, and be smart enough to prevent them from stealing everything we've got and kick us back out. nostr:note1gaj7zum2m4lkyrl6krrqcx7p8twue5j9gqc6g9h7j0dzwzwgzj6srz6095
