Despite what everybody likes to think, politicians aren't idiots.<p>When somebody disagrees with me, I like to assume that they're not idiots and that the disagreement might be based on some legitimate point that I've missed.<p>The truth is that Bitcoin is an existential threat to the United States government. As long as it's some third tier crypto currency only used by nerds on the Internet, it doesn't matter. But the infrastructure is being laid to push it as a (the) new global currency.<p>If that happens, we will witness an economic revolution with no parallel in history. It will literally be raining cats and dogs in the street.<p>Practically overnight, the US will lose the ability to borrow in its own currency, forcing a quick tightening of monetary policy, further exacerbated by foreign governments dumping their dollar reserves. The dollar <-> XX exchange rate would approach zero. Anyone holding dollars would no longer be able to afford any foreign goods. Dollar inflation would be rampant. A recession or depression would quickly follow.<p>Anyone not holding bitcoin will become the new underclass, and the new rich will be those who got in early. Essentially, the new world order will basically be made up of lottery winners.<p>Pensions would become practically worthless, as they would need to be converted to the new currency to be spent.<p>Etc, etc.<p>That's why I don't have any money in bitcoin. It can't succeed. The current world order won't let it.