What if the governments across the world attempted to seize all of your crypto assets like the US seized all gold from their citizens in the 1900s. Now I'm seeing articles talking about how the US government is trying to be able claim private property.
I think that ultimately this would be very challenging for any government to successfully accomplish. This would cause a revolutionary period again in our world I imagine....
It makes total sense to be freaked out about the government trying to take your crypto. That's some wild stuff, and if they do go for it, it could legit start a revolution. But let's say they don't go that route. They could still mess with your crypto by dropping some laws that make it straight-up illegal to use or hold cryptocurrencies. It's a nightmare scenario, but it's not impossible. So then, what's the point of holding onto your crypto if you can't even use it?
That being said, the more likely option is that governments will just regulate crypto by taxing transactions. It's a way to control the market, but it's unclear how far they'll go with it. The good news is that different countries will regulate at different paces, so there might be a place that's more crypto-friendly than where you're at now. Who knows, there might even be countries that straight-up love crypto, and if the US government tries to come for your assets, you can just pack up and move.