They will probably offer compensation at a market price...as they did with gold. So hodlers have a choice accept the offer or become an outlaw holding Bitcoin that cannot legally be used. What happened with gold the vast majority citizens complied. The Bitcoin already held by ETFs and exchanges is already captured. How many private hodlers are in it for the revolution and prepared to lose their liquidity in the fact of government acquisition offer? 5%? Less? Until/unless the CGT nonsense is removed and our right to use Bitcoin as a practicable and legal MoE without absurd government imposed 'tax compliance'-obstruction is recognised the threat and viability of a ban on private custody is only growing. At current rates the ETFs (+ CEXes) will hold a majority of the market cap within 5 years. The decline of the dollar only increases the government incentive to capture and control Bitcoin. The other primary challenger to the USD is the Chinese CBDC Yuan which is already operational and enabling trade payments outside of SWIFT with Russia and Iran. The collapse of the dollar does not inevitably result in Bitcoinisation...