BTC survives because of institutional investment stabilizing it and producing growth. If the govt prohibited hosting it, holding it, accepting it, converting it to cash, converting cash to it, and imposing a 10x fine on it, then institutions and anything at all legitimate would abandon it, and it would return to a black market tool alone. The banning of BTC where it has been banned has been successful other than for illegal means.
The easier method is to do the above plus create a fedcoin and give 30days to transfer to fedcoin. After which the price would collapse to near zero wiping out everyone who retained it.
Reply addressees: @partymember55 @hoeberian
Source date (UTC): 2024-12-20 22:31:17 UTC
Original post: https://twitter.com/i/web/status/1870235550969671680
Replying to: https://twitter.com/i/web/status/1870233649804673173
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