In 1933, Roosevelt banned holding gold and silver. In 1934, the Gold Reserve Act allowed the government to set a fixed price for gold and buy out all domestic gold holdings for cash. This remained in effect until 1961 when the laws were relaxed. Then in 1971, the US jumped off the gold standard. Prior to that point, gold was the global reserve currency.
BTC is far less widely owned and far less legitimate than gold was in the 1930s (it actually was the global reserve currency then). The political friction is low for heavy regulation or an outright ban across even developed markets.
My bet is that the green argument will be the first attempt to neuter BTC.
Disclaimer: BTC neutral. I own a small amount, and treat it like an option on a speculative asset.
BTC is far less widely owned and far less legitimate than gold was in the 1930s (it actually was the global reserve currency then). The political friction is low for heavy regulation or an outright ban across even developed markets.
My bet is that the green argument will be the first attempt to neuter BTC.
Disclaimer: BTC neutral. I own a small amount, and treat it like an option on a speculative asset.