The ultimate bear case for #Bitcoin is fiscal discipline by governments and a long term reduction of the global money supply.
Good luck with that. It’s political suicide and would crash the current financial system.
Discussion
Also geo-political suicide. As evidenced by Russia.
The only way the State could disrupt Bitcoin is by not being the State.
The main issue isn’t even that it’s political suicide. That fundamentally misunderstands the purpose of the state.
The purpose of the state is to enrich the powerful by looting the peaceful. Cantillon Effects are the best tool for doing that.
The political circus is just a front to justify the deficit spending.