Bitcoin Maximalist Says it's Time to Cover Your Crypto @$$

From the Desk of Don Yocham:

Were Bitcoin a company, it would be the 7th largest in the U.S.

Worth over $800 billion, the value of the total Bitcoin supply puts it right behind Facebook (Meta) and ahead of Berkshire Hathaway. It also exceeds the market value of Ethereum, the next biggest crypto currency, by more than double.

So, Bitcoin is big.

And in a few years, it'll be even bigger.

Just how big is anyone's guess. Bitcoin at $100K or even $200K wouldn't surprise me.

However, Bitcoin's success at money – both past and future – makes it a threat. Especially to governments that draw all political power from the exorbitant privilege of fiat issuance.

And with so many investors flooding into Bitcoin through centralized exchanges or other institutions beholden to regulators, those same governments now have an easy target.

They can't destroy the network. But they can beat down the price.

And this is how they'll do it…