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If the US government ever started offering bonds for Bitcoin or vice-versa...
Fiat and the bonds that back them would be toast.
It's why the (US) government doesn't offer gold-backed bonds. Because all the OTHER bonds would become practically worthless.
Of course, right now, it would signal that Bitcoin is better so maybe people would have the sense to stash Bitcoin instead.
However, if Saylor has paved the way (he is literally thinking of crearing a currency. Go to timestamp 31:30
) and other governments follow suit, it will be a nice way to phase shift and capture the Bitcoin hodler narrative while fiat remains currency.
I guess at that point we'd be toast, not the US government.
Stacker News is such a bubble.
Outside of Bitcoin circles like Stacker News...
99% of people have no idea how Bitcoin works, how to accept it, where to 'get' a wallet they know absolutely nothing 99.9% of people have never heard of Lightning - necessary for widespread adoption.
One day maybe in 10-15 years Lightning will be relatively mainstream but that's not today.
Interestingly though, by printing up STRK, STRC, etc Saylor is making the debt market grow faster than Bitcoin.
And what if governmensmts start offering bonds in exchange for Bitcoin? Who tells Saylor he has a monopoly on his evil genius plan?
Basically It all comes crashing down. Probably faster than 40 years as @035736735e said which will be a relief.
It's a self-defeating idea.