Summary of @Anthonypompilano’s take on Will The US Ban Bitcoin (8 mins video below):

1) US will not ban Bitcoin

a) Not practical to take everyone’s keys

b) US government doesn’t benefit

—-> USD isn’t backed by BTC so it doesn’t solve depreciating USD

—-> US gov would sell BTC for revenue but it’s just a one time revenue driver so not worth it

2) US won’t ban Mining

a) Only 30% in the US, not enough to control the network

b) Doesn’t stop the nodes so can’t control network

3) US won’t ban ownership

a) Most BTC holders are outside the US

b) Would increase global adoption which would hurt USD

c) Lots of Governors and Senators own BTC, and 15% of the US population owns BTC

d) Thinks the US will soon get a BTC President (equates to how Trump was a Real Estate President or Biden an Equity President)

Pomp’s Overall Point: Doesn’t think the US government is incentivized to ban Bitcoin

Does think we’ll see an increase in scrutiny by regulators and more taxation

More citizens are willing to stand up for Bitcoin and individual freedoms than they were in 1933.

HOPE THIS WAS HELPFUL!

Lmk if you want more podcast/video summaries

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