The reality is that this will happen at smaller levels all the time. A wallet will get destroyed and the contents will be vaporized, regardless of the value.
Bitcoin and all those cryptocurrencies are all about crime and avoiding taxes. You can pay off someone without ever being found out. You can move money out of a country. You can make money without paying taxes. Its laundered money by definition.
No longer do you have to hide gold or diamonds. You just need a thumb drive You can secure the drive with encryption. Or you can just send a bitcoin across the internet to yourself in another country. Think how great this is for thieves. A ransom can get paid without a drop sight. No wonder the value of Bitcoin is going through the roof. Crime is everywhere. And cash means there is a trail that police can follow. But there is no trail with bitcoin.
“Bitcoin and all those cryptocurrencies are all about crime and avoiding taxes.
Bitcoin is a hedge against government, BUT it is NOT private.
You don’t even need a thumb drive.
If you can memorize 24 words you just need your brain.