LIVEIn the last few days we’ve seen:
-> Biden’s 44% cap gains tax proposal.
-> Biden’s 25% unrealized gains proposal.
-> Samourai Wallet, a privacy-focused Bitcoin wallet, was seized by the Feds, and its founders were arrested.
-> The SEC coming after MetaMask, a self-custody wallet, for being an ‘unlicensed broker.’
-> Consensys suing the SEC for trying to classify ETH as a security.
-> The FBI warns Americans against using services that ‘aren’t compliant,’ likely DeFi.
The US government is making it harder to exit the system.
But the worst could still be on the horizon.
A century ago, FDR’s Executive Order 6102 made it illegal to own gold directly.
If Boden and his cronies get reelected, it’s not far-fetched to think that they would try something similar with crypto.
Meanwhile, inflation is sticky and the US remains embroiled in a war on two continents.
We’re living through the epilogue of fiat currency in real-time as the debt + inflation bubble collapses into itself.
When the movie finally ends and the inevitable blow-up happens, you’re going to want some self-custodied #Bitcoin.
What are Bitcoiners feeling right now?