It feels like it has replaced gold. Easier to hide, smuggle, and cash out than gold. But like gold the government is going to get its tentacles on it.
I wonder when something like this will apply to crypto and Biden is just the man to do it:
Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933.
I don't see how our government can possibly allow an alternative to Federal Reserve Notes and survive. Soon nobody will want U.S. money if there is an alternative.
