Ryan Sean Adams
👤 SpeakerAppearances Over Time
Podcast Appearances
government quickly nationalizes them in secret.
It goes and starts acquiring the Bitcoin.
They coordinate with Treasury.
They coordinate with the big ETF providers, BlackRock's.
the Michael Saylors of the world.
And at the end of this, the US ends up with the 10% of Bitcoin supply in the treasury.
And he goes through fictional price charts, of course, when people realize the Bitcoin network is under a quantum attack and the supply is being taken by someone.
Price spikes down by 73%.
But then when it's revealed that actually the US government has it and they're using salvage laws, maritime salvage laws in order to legally confiscate this, then the market rebounds and is very excited because the US has this Bitcoin strategic reserve treasury.
So that's his other scenario and kind of you just leave the Bitcoin and some nation state, maybe the US government actually cracks it.
Do you find a scenario like that plausible?
Because at least in that scenario, you're not breaking any property rights.
It certainly is incredible that this will have happened to a multi-trillion dollar network.
And there's such a prize bounty.
It's like just unprecedented.
But that could happen as well.
And maybe that's a better outcome for Bitcoin.
And that's why you're betting against the salvage type scenario, because you think they'll go with this approach.