4) The state buying Bitcoin is not the state controlling Bitcoin. It is them bending knee to us and agreeing to the same rule set we have already agreed to. Even if they don’t yet see it that way.
Discussion
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Capitulation
Actually the State buying Bitcoin is it also controlling BTC because it keeps it in the reserve and does not sell or transfer it, which means that BTC is effectively being burned as it is not used.
They can control the part of the asset they own but they cannot control the network.