All of this also implies that all the new rich Bitcoiners would completely squander their opportunities and advantages from this which they would not.
They would likewise have a tremendous amount of bitcoin AND most likely be smart enough to secure it properly AND be ideologically aligned AND influential.
Yeah it’s extremely poorly thought through.
If Larry Fink and Cathie Woods and Barry Silbert get rugged by Coinbase and make some community plea and/or pressure campaign, the long-term HODLers who are sitting on big stacks who Bitcoiners know and have far more respect for will be on every podcast laughing at them and they’ll get basically zero support.
So what if the Institutions lose all their corn - they can buy more, at way higher prices from a much smaller supply cap 😂
