If you can't fight them join them --- Speculation about big shift in US Government BTC stance

TLDR...

• The US is scared of Bitcoin. Instead of banning Bitcoin, the best way to remove the threat of Bitcoin is custodying as much as possible within US borders while it's still cheap --- essentially making it within the control of the US government without them actually needing to buy it on their balance sheet and scaring citizens.
• US remains a dominant force (most gold reserves, most BTC held within it's borders and largely within institutions they can control and still the worlds reserve currency).

In the light of the following:

• Brian Armstrong's Twitter post @ Mnuchin potentially regulating self-hosted wallets and
• Brian Brooks comments "nobody's banning bitcoin" .... "the banks HAVE TO connect to the blockchain"
• Blackrocks pro-BTC take and increasing amount of companies adding BTC to their balance sheets and new US BTC funds coming out all over the place.

It seems to make sense to me we are seeing a massive shift in how BTC is viewed by authorities in the United States - I think many of us know this. Bitcoin is still likely perceived as a threat, but I imagine in a Sun Tzu type of way... keep your friends close and your enemies closer, I think a very pro-bitcoin policies and stance could be coming to the US soon. I don't think this means they are publicly going to suggest people own Bitcoin or buy any themselves, they will let the market do the bidding for them. By letting big institutions custody BTC, they will be able to tax and regulate financial flows much easier. Ultimately, the gov will be the drivers seat no matter what happens with USD, Gold or BTC without taking any strong stance any which way.

If true.. smart, very smart by US government

Submitted December 05, 2020 at 10:41PM by ChemicalOlive63 https://bit.ly/3owao2h