“Bottomline, Bitcoin can be outlawed if/when the Federal Reserve deems it a threat to it’s standing.”
Anyone who has watched Shark Tank for any length of time knows Kevin OLeary’s response to say a custom potato chip entrepreneur that’s trying to blow smoke up his butt how they will capture a good pecentage of market share in that space.
“You guys are tiny, like ants and that is why the big plsyers ignore you. But if you ever got big enough to give them any competition, they would crush you like cockroaches!”
And so it will be with any hobbyist crypto and the world’s central banks.
yeah, it has to grow to the point where the relation is inverted without the central banks noticing. The potential is there, and with world economic catastrophe, maybe it could happen quickly. If a central bank or two were to quietly go into "libertarian finance” there might be a silent pressure.
My take is it’s worth it to understand crypto decentralized finance or “defi” as it’s called, but it’s more likely that it will be embraced and extend the existing system rather than result in some anarcho-capitalist outcome...