Is there any possibility that governments can confiscate #Bitcoin ? Just like the gold in the early 1930s.
I mean sure you can say, that you forgot your keywords but the answer could be jail?
Discussion
Well, this was technically done when 30% of the Canadian trucker's funds were seized in a house raid back in 2022. But if you have a brain wallet, passphrase, multisig or there's otherwise no way for someone to find your seed phrase to move your funds, I don't see it happening.
I mean when you make your taxes they know that you have BTC and you are in focus, so they know about it. If you don't comply then they will bring you in jail. How do you see such Situation?
If enough people have cash balances in bitcoin, it will be difficult to persecute bitcoiners.
Sure, they could require you to pay your taxes, but in order to get ahold of BTC that's rightfully yours, they'll have to use literal violence, not implied violence.
That's why the more the merrier. It's easier to be violent towards a minority than a majority.