Under the pretext of financial stability, outlaw/hinder taking out dollar loans to buy Bitcoin and using Bitcoin as collateral for dollar loans.

Pressure the Fed to specifically mention the elevated price of Bitcoin as a reason why interest rates cannot be cut.

Nil capital gains taxes for Bitcoin held for less than six months with a caveat that if Bitcoin is repurchased within a year this exemption does not apply.

The more I think about this, the more it seems that a government clampdown will fail!

I'm thinking about some kind of civil asset forfeiture program. Issue legal orders seizing any bitcoin that are alleged to have been used in the commission of a crime. Then bitcoin holders would have to prove their specific bitcoin were not used in commission of a crime.

For small holders it wouldn't do much, since no one is declaring their bitcoin. However, the SEC could require public companies to only hold or transfer "clean" bitcoin. That would make it much less attractive to buy or hold bitcoin.

Congress and the clown in chief haven't really tried to stop bitcoin yet. Not really. Look at what they are trying to do to Tik Tok now. For those that believe in the Constitution's ability to stop stuff how's that working for ya?

I would not be surprised to see a bill come before Congress to address this growing threat to the dollar. I don't think it will pass. Here's why. With the approval of the ETFs this type of legislation would interfere with pension funds across the US that are already buying or are considering buying. These are union pensions. I don't see the types of politicians that would seek these voters wanting to go up against the unions.

Gonna be interesting to watch it all play out.

i think the most efficient way might honestly be the direction it seems our governments are heading now. bitcoin historically has a usability problem. things have gotten much better very fast, but there is still alot of work to be done in that regard. most of the limitations are technological even if they are for good reasons. people tend to gravitate toward easier solutions; things that make their life simpler or more convenient.

if it was me, i would accelerate an easier to use alternative and integrate it into our daily lives. most would say something like a CBDC which makes alot of sense. however, with twitter being so integral to many peoples' lives and this seems to be increasing and we already have contacts over there to help, i'd try to make this application that already has a giant network effect into an everything app. you can make payments super easy through it. just connect your bank account, like venmo, and boom! businesses can easily receive payments through it. integrate a pos system like square and bam! even better if we can then get people to pay for the privilege of this convenience.

why use bitcoin when i can easily send my favorite creator tips in a currency i already understand through an app i already have that makes it quick and painless?

now i think we are on to something, but in an effort to minimize the headache of telling people where to find you, we should give it a super short name. something single letter but cool. maybe Q or Z? we can come up with something later, but i think this would work well.

Buy bitcoin.

In the short term it would probably have a net positive effect on its price. Maybe it would scare some people and push them out of the market. Offer no taxes for anyone who sells to the government.

If price goes up, government makes money. If price goes down, they can continue to buy more. The total market cap of bitcoin is 14% of the budget biden just proposed so it is not like it would be hard to start amassing it.

I hope this does not happen.

Not sure that's possible to do it smoothly.

But as the value of the Bitcoin networks starts assassinating any hopes of controlling dollar inflation, my suggestion as head of the fed is to raise interest rates to 20% thus squashing any leveraged plays on Bitcoin. Exactly what they did when gold prices soared in 1971.

Alternatively, the government can develop a mitigation strategy to fund any old rich politician that wants to run for office and wag their fingers and say things like, "Bitcoin is bad because criminals use it". And to find old out-of-touch people to go on cable news networks and complain and talk about how Bitcoin doesn't have any value at all because it doesn't produce anything.

This octogenarian approach will fail. But it'll be fun for us to ridicule them.

Hypothetical situations are wasted masculine energy. Best to think that Bitcoin will be attacked and as Mises points out in Human Action any activity is rational because someone wants a result from that action.

As the Buddha points out action that is incorrect is wasted. Like raising a sledge hammer in the air to empty a swimming pool by encouraging bees to make sandwiches.

We appreciate your question and apologize for our undesirable answer.

Imagine the US dollar as a beaten and abused wife....and you are asking "what will her husband do now protect her?" Why? He could have "protected her" all along, but chose to abuse her. They've always the power to protect the dollar but have failed to do it. Its clear that this is their desire.

They want to destroy the USD so they can implement their next plan.

The only thing I want to see from this bullrun is a second Microstrategy company. Or a second El Salvador. Or other kind of prominent person/entity getting seriously orangepilled.

Litterally nothing else matters as much.

Wrong assumption. Govs doesn't exist. Only those corporations exist. Govs will NEVER stop those corporations. Saying that a gov will try to stop corporations is like slapping yourself in your face (your hand is the gov) and your face is the corporation.

Let's be clear about this and focus in things that matter: MERCHANTS ADOPTION AND PEOPLE USING BTC AS MONEY DAILY.

FIAT DELENDA EST

There are a few ways to do this, but I'm not sure if they would be effective.

One obvious way would be through stricter regulation, such as limiting the amount of bitcoin that institutions could hold.

Another way would be to continue using FUD to scare people away from bitcoin. This could lower the demand for bitcoin.

They must pick one: attack Bitcoin or save the financial system. There is no way to do both.

Market sell the 200k bitcoin the US gov has. All the leveraged longs will get liquidated. Etf holders will panic and start selling. Price probably drops 25-30% over the course of a few days. Shorts pile on. Eventually the market finds it's footing but it takes many months to stabilize and start moving upwards again. That won't stop Saylor from buying but it will slow down the speculative fervor that hasn't even really started yet.

Unfortunately for the powers that be you can only pull this lever once. You could try to dampen Bitcoin's move by selling more slowly but that doesn't have the same impact and create panic.

If it were down to government (hypothetically I), I would suggest to implement an unified payment interface (As India is already doing). It will allow everyone to be proactively using Fiat money to buy goods and services rather just hoarding and investing.

I peg the dollar to Bitcoin instead of gold. The earnings would be: *Mining of toxic gold is minimized. *The ground is prepared for the transition of the monetary system to Bitcoin.

Blackmail

They've probably tried multiple times to honey-trap him and get some compromising footage. The Epstein operation obviously ended, but you know that wasn't the only operation set up to compromise high profile targets in order to control their behaviour.

As of today the Govt can't control on what you spending your money on (in the most part). With CBDC they will have that control that's why they will push it every chance they get. The whole point of Bitcoin is to have an alternative that Govt can't control. Let's keep it this way. I like Saylor and what they do to spread the word of Bitcoin but I will not lose a single tear if they disappear tomorrow. I'm sure BlockRock and the likes would gladly buy their (MicroStrategy's) Bitcoin should they be forced to sell it. (doubtful) The Badger still doesn't care about inflation, MicroStrategy or the Govt....that's their's problems. tick-tack next block... I think MS is watching the Govt more attentively that the Govt watching MS, they have smarter lawyers i bet. They will be fine.

The whole playbook with acquiring BTC with debt of Microstrategy is sickening. I can understand that "big players" always bought hard assets and hold them forever, but Bitcoin is a freaking electronic cash system and it was made to be used, not to be "held forever"! I don't thing we will ever have a healthy economy for as long as there are those crazy indebtments. Wasn't the whole point of Bitcoin to get rid of debt, and use hard money instead of fiat and debt? Isn't the theory which made Ammous famous (and Austrian economics) the one of starting to use hard money instead of fiat (and debt)? Btw I don't think this playbook will be stopped from the GOVt. As long as is so easy to get into debt this system will be abused...maybe one day, if holders stop accepting dollars or any other forms of bad money for btc, and we all start using btc only as medium of exchange...

The key thing of this question is: where?

Any approach that is not taken on a world wide level, will just drive away the future of finance outside your country. Even in the US, which has the most regulatory power to fight bitcoin, there are strong forces in play that do not want that.

Bitcoin has already won.

I will open a marketplace for every coin on the stock exchange of my country. Tax them 10% on gains accumulated and I do t think that anyone will have objection to this.

Using global warming concerns, implement a carbon tax for holding bitcoin. Set a percentage of the dollar value of bitcoin as an "offset" and effectively squash any public holdings being profitable.