Banned for more or less 41 years.. While it's really not unlikely for something similar to happen to bitcoin, imagine when it happens. I'm not entirely sure what happened in the past, but is it probably safe to assume that a decent number of people(but definitely not that much) would be on the streets and sort of protest? Things like this are far easier to organize right now due to the internet and social media existing. What do you think?
Yet another reason why bitcoin is better than gold, it cannot be seized (when handled properly). This tragic example once again demonstrates how the State becomes oppressor of their own people. I bet more than one American buried their gold and had to wait all these years before ever seeing it again. And there was probably a black market too...
This was simply a case of a gov seizing people's wealth. Never underestimate politicians stupidity, just one more reason why fiat is so dangerous, it is in control of them. Gold is a type wealth not in control of the State, and knows no borders.