Beautiful music, beautiful human talent. Time for you to say goodbye to dull thinking and come out of the cave. The world is moving, it grows, old things get left behind, new things are created.
You guys ever consider that all these governments wanting to start hoarding bitcoin to stave off hyper inflation and mounting debts, could spell bad news for hodlrs? "Executive Order 6102, signed by President Franklin D. Roosevelt on April 5, 1933, made it illegal for US citizens to own or trade gold." @johnarb @semperfrosty @NoahA @Tokenz
I just looked that up on Wikipedia and this is interesting- “The order specifically exempted "customary use in industry, profession or art", a provision that covered artists, jewelers, dentists, sign-makers, etc. The order also permitted any person to hold up to $100 in gold coins, a face value equivalent to 5 troy ounces (160 g) of gold valued at approximately $10,000 in 2020. The same paragraph also exempted "gold coins having recognized special value to collectors of rare and unusual coins", which protected recognized gold coin collections from legal seizure.” maybe I should take another look at NFT’s….. Edit: the same wiki page mentions bitcoin and says that self custody would make it impossible to enforce.
Well, they would want to acquire a large amount of btc, and at a discount. So they are going to need to create liquidity somehow. Another way to create liquidity is by introducing an unrealized capital gains tax which would force hodlrs to sell to be able to pay the tax. Also, for this to be an effective strategy, bitcoin would have to be worth in the millions if you consider all the debt to # of bitcoin available ratio...I haven't done the math...but I would assume they would want to implement these kind of measures sooner rather than later...