I could also imagine a theoretical scenario where TSMC (the biggest and most advanced microchip manufacturer) devoted 100% of their wafer production to manufacture an obscene amount of BTC ASICs.
And risk collapsing their entire company if the community then decides to fork to and ASIC-resistant mining algorithm, as many other coins have done in the past.
Let's not just blame the FED/US government. Most citizens are pretty dumb too. An enlightened minority cannot go against the majority. At least not in democracy.
It is in the banks' and the politicians' best interests to keep the population uneducated. Insert here that quote form Henry Ford about there being a revolution tomorrow if people actually understood the banking system.
if someone brings terrorism to your country home soil then you have to go get them on theirs.
The US was in the Middle East
long before 9/11.
the chances of btc reaching 1m by june is really negligible. zero actually.
It's low, but it's not zero. The US defaulting on its debt could lead to very rapid devaluing of the dollar.