I hope everyone is ready for it, because it's going to be the biggest test in your HODLING abilities, and resolve.
What would transpire is the biggest socio-political/socio-psychological attack that the community would ever see, and it would involve state-level actors/governments.
Prepare yourselves. It's coming.
Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States". The order was made under the authority of the
Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act the previous month.
Do you think people turned in their gold. No they hid it. Finally the limitation on gold ownership in the U.S. was repealed after President Gerald Ford signed a bill legalizing private ownership of gold coins, bars and certificates by an act of Congress which went into effect December 31, 1974.
Governments cannot find your cryptocurrency especially if you have it on a hard wallet. So they only thing this will do is for governments to say it is illegal. See how many people own Bitcoin in China and Indonesia where it is illegal.
It will only help the price go up.