They will defend this dream bubble of fiat money, and they will do so in a coordinated way, until the last moment. And I don't think we're very close to that yet.
Discussion
The good thing is they are weak and they are greedy. Initially, #Bitcoin appeals to greed as, during the transition, it’s purchasing power increases so much. Blackrock already broke ranks. As soon as it’s obvious that #Bitcoin will rise, they’ll abandon ship. I think that threshold is around $100k-$150k.
Only after hyperbitcoinization will #Bitcoin flow to value, and ultimately end up in the most productive hands. That’s when the will lose, because they’ll spend more than the earn.