By the time it plays out to the point of bitcoin being obvious to all, including the government, there will be no nationalization, no seizure of Strategy assets. Why?

The government will be far too weak. When the jig is up and money-printer doesn’t work, Strategy will be running the government already, just like the big banks do today. Just like JP Morgan Chase picked Obama’s entire cabinet, president American Hodl’s cabinet will be picked by Strategy.

The current banking system is not going to catch strategy with stablecoins, and even if they buy bitcoin with 100x fake fiat leverage, that only makes Startegy stronger and they will continue to dominate.

Strategy’s long term debt offerings will replace govt bonds as the new “risk free rate”.