I am conceding both points. That BTC can reach 10 M and that the government is incompetent. Just not infinitely.
Most importantly, they don't need to be 100% competent in banning BTC to prevent it from doing all the things we expect it to do in terms of replacing parts of the current financial system.
The amount of capital required for BTC to reach 10 M (in current PPV) can only be mobilized by nation states and their associated banking and financial crony systems.
I appreciate your openness. It's really important to me to communicate the optimism I am seeing in our current position. I spend a lot of time thinking about the risks we are facing.
Fear doesn't help us grow, but of course some fear is rational.
Regarding the amount of capital required to reach 10M, it really depends how tightly the current supply is held.
We won't know until it happens, but my guess is that 20-30% of the supply won't sell off into the market at any fiat price. That percentage will increase over time. The higher that percentage gets the less liquidity will be required to send BTC flying.
