Its Bullish Because the Government Has Finally Acquiesced
Bitcoin has captured government, not the other way around
Discussion
The Government is one recession away from capturing US KYC'd Bitcoin.
Come and take it!
See Gold,
FDR took all the soy bois gold who showed up at the bank to `follow the rules`
That is not how Bitcoiners roll
now what rules were those?
Surrender of Gold was "mandatory", hoever, only the retards "doing the right thing" lost their gold
If you did KYC to buy your Bitcoin then you are a soy boi who follows the rules.
Tell me again how Bitcoiners roll?
I think this old story is even more sinister than just sheeple following rules.
For those households fortunate enough to hold gold in meaningful amounts, I’d argue in the face of the Depression many very much needed the immediate liquidity that cash provided.
In this way, the state, as it often does, enacted a law when the citizenry was most vulnerable.
Bitcoin goes exactly the same way, they've enforce full KYC. They don't invest billions of USD when they've no control over it. They will monitor every transaction very closely, tainted coins will be a hot topic next year. The lack of fungibility will show up then followed by all the privacy issues. Maxis celebrate the merge between govs and Bitcoin, they have lost the plot.
No celebration here. Bitcoin doesn’t give a fuck who embraces it or not
They will, no worries.
Bullish.