A 6102 type order is not impossible imo, they are not likely to go after individual (self custody) but there are easier solution.
Central exchanges can be permitted to send bitcoin to individuals users. Those bitcoin can be seized (or bought up by fed). Same goes for etf, all that has to be done is set a (low) exchange rate.
Just like they did with the 6102 order..
What’s the % of coins held in centralised exchanges and #etfs versus self custody? Let’s maintain that ratio by educating on self custody practices nostr:npub132ertlsrunh600cph2au55ssmel2cqdt5mnrpxfand5ych4nmp8q50zmdh 👈follow!
There is not enough money in #Bitcoin to justify the confiscation.
Read the book, "The Great Taking" www.thegreattaking.com
The biggest asset pool to go after the general population wealth is retirement plans. No one believes it, but the legal framework has been worked on to take over a % of retirement plans for the last 25 years across the USA and EU.
History.
Argentina nationalized all retirement plans in 2008. Took all the money!
Hungary gave citizens choice between their version of social security OR give up all their retirement money, 2008.
Poland, 2013, stole half of all retirement accounts.
Cyprus, 2013, if you had more than 100,000 Euros in your account, you woke up one day and the Government took 10%.
There is $35 trillion in USA 401k/IRAs - debt just passed $35 trillion. If they took 50% of all private retirement money they could hang on to power.
Will/does the electorate fall for this? Usually they do because the alternate is presented as FAR worse - so most people feel blessed to just lose half their money.
I admit these are not G7 nations. But look at the debt of the nations above compared to the G7 nations today. Then put 2 and 2 together and get VERY conservative.
Until we know for SURE what Government will do about spending/printing/borrowing we have no idea what we will wake up to from day to day right now. Could collapse tomorrow, could be a decade - but it has ALWAYS collapsed when it gets this bad. No way to know exactly when.
Physical Gold, Silver, and #Bitcoin ONLY in self custody. << The answer.
