Be prepared. The world is becoming overly hostile to bitcoin. “Then they fight you” is definitively here.
ETH and the other shitcoins are not a threat to TradFi so they’ll embrace it in short order. It’s a captured network already.
Vitalik et al will slip in some backdoors and some AML protections because they can. Few people on that network will mind and TradFi will love it because it appeases the regulators.
Bitcoin? It will become prohibitively expensive (in terms of risk) to use in a sovereign way and all the normies will flock to the easily manipulated ETFs. Nations might still move forward in selling international trade with it but along the way they’ll squeeze every sat they can from the plebs.
Saylor has done a great job pulling coins off the market in a sly way pretending to be in it for the “thermodynamically sound money” but in the end he’s going to hand over all of that stash to the government.
