Note: This is an analogy of the Author and does not guarantee or articulate any real-time predictions.

Beware of Bitcoin! A crypto billionaire, Michael Novogratz said this in an interview with Bloomberg. According to the expert, the scenario is real.
Of course it is. If this really happens, a chain reaction will begin: everyone will rush to buy Bitcoin and it will grow to indecent values.
While the growth continues, the United States will be slowly exiting the market, so to speak, “in a ladder fashion”, thus zeroing out its exorbitant national debt, selling “air”, that is, Bitcoin, and receiving real money in return.
Only after the speculative race subsides, those who enter the market at the peak will most likely be left with expensive digital “wrappers” and the realization that the strategic game was won by someone else.
Moreover, if we hypothetically imagine that all bitcoins will be bought up, a paradox will arise: instead of a tool for getting out from under the control of banks and regulators, we get an asset that, in fact, will again be controlled by large players, only under new names.
In general, the idea of ​​​​a nationwide accumulation of bitcoin is attractive to certain circles, but in reality this race turns against the very idea of ​​​​cryptocurrency as a decentralized asset available to the mass user.
And who to sell bitcoin to if the price reaches a million dollars?
Let's imagine that states create a deficit that inflates the cost of one bitcoin to a million dollars. Then the rise in price to obscene prices will automatically narrow the circle of buyers. Who is really able to buy bitcoin at such prices? Ordinary citizens?
Since states will buy bitcoin with one goal - to protect themselves from inflation, then with their own hands they will drive themselves into a "golden cage" in which there will be no place for buyers who are able to continue to support the market price. As a result, the market will close in on a small number of large “holders”, and the asset will turn into dead weight, that is, illiquid goods.
Illiquidity will be expressed in the fact that as soon as one of the large players wants to sell their bitcoins, it will be necessary to find someone who will buy these bitcoins from them. It turns out to be a vicious circle.
In addition, as soon as bitcoin becomes the subject of diversification at the state level, people will start looking for an alternative. That is, instead of a “people's” currency, we will get “digital gold” with a high entry threshold, disconnected from the tasks of the real economics tasks and human needs.
The result? Attempts to “capture” bitcoin will inevitably undermine its essence and make it unprofitable for all participants, except for a narrow circle of large players, who by that time will already be, as they say, “out of the market”.

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