Confiscations of the future versus the past………
Past Gold confiscation-bring in your gold because it is illegal for you to hold it………..
Potential future confiscations:
Government can simply take ownership of ETF’s for gold, and Bitcoin…………
🌽 in self custody is different…………
- paper bitcoin remains legal, because it's just a number game in the "well regulated" fiat system, no real danger to the govts, they have unlimited power in this domain
- the real thing however, that's problematic in so many ways and the most wealthy bitcoiner OGs are the most dangerous to the govts too
So I expect increasing attacks on self custody and "direct" transacting in bitcoin (without KYC/travel rules etc.) While the door into the ETFs for pleb-sheep lured by an easy NgU game with no govt harrasment will remain wide open.
The long hanging fruit is to nationalize coinbase if they wanted to confiscate bitcoin. Going after tens to hundreds of thousands of Americans would be much more difficult
