For long time I ignored the fact the US govt, among others, could be a hurdle on the road of hyperbitcoinization dream in the way many plebs imagine it. USD and other fiats die leaving a single hard asset behind them.

I'm now thinking the USD can't just go away while the government has about 200k coins. Should BTC approaches 1m, they would have 200Tn to dump on the market or back their dollar with.

Same thing for MicroStrategy, assuming they stay as the largest holder after all governments have dumped or lost their coins, MS would be an easy target by governments.

The road is freaking long. Bitcoin will have to find its way to everyone's hand before it throws other monetary mediums.

I can imagine a gap of distribution just like what we have in the fiat world of today. It would be less horrible though. And for sure not something like an average pleb owns 200k sats, while few hundred single entities own 10s of thousands, or worse a few own 100s of thousands like how it currently looks.